Schaeffler agrees to sell ‘declining’ turbocharger business in China
Schaeffler AG has today agreed to sell its “declining” turbocharger business in China to Chengdu Xiling Power Science & Technology Incorporated Company (Xiling), a leading Chinese specialist in turbocharger technology.
Schaeffler said the transaction, which is expected to close in the first half of 2026, is part of the portfolio streamlining announced in September, following the acquisition of Vitesco Technologies last year.
“This transaction marks an important step in our efforts to streamline our business portfolio following the acquisition of Vitesco and to focus on the areas where we can remain competitive in the long term,” explains Klaus Rosenfeld, CEO of Schaeffler AG.
Said by Schaeffler to be in “decline”, its China turbocharger business (Vitesco Automotive Shanghai Co., Ltd.) currently employs around 50 people and reported revenue of approximately €100 million in the last financial year.
By acquiring the business unit, Xiling says it intends to further develop its position among international automakers.
As part of the transaction, Schaeffler said measures have been put in place to “ensure the continued supply of ongoing projects until the end of their production cycles, to minimise risks for customers, and to avoid disruptions to operations wherever possible”.