ZF considering spin-off of electric drive division, Handelsblatt reports

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ZF considering spin-off of electric drive division, Handelsblatt reports

^{Published on 2025-02-18 06:21:29 - Reuters}

German automotive supplier ZDF (ZFF.UL) is considering a spin-of of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources.

ZF Friedrichshafen, a German automotive supplier, is contemplating the spin-off of its electric drive division, according to a report by Handelsblatt on February 18, 2025. The division, which focuses on electric motors, power electronics, and battery systems, could potentially be listed on the stock exchange or sold to a strategic investor. This strategic move is driven by ZF's need to manage its high debt levels and adapt to the automotive industry's shift towards electric vehicles. The company has not yet made a final decision, but discussions are ongoing about how best to proceed with this significant restructuring.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/zf-considering-spin-off-electric-drive-division-handelsblatt-reports-2025-02-18/ ]

N@N

ZF considering spin-off of electric drive division, Handelsblatt reports