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Interview: German auto parts supplier ZF confident in Chinese market despite COVID-19

June 07, 2022


Abstract : ZF Friedrichshafen AG, a world-renown German auto parts supplier, is upbeat about the Chinese market in spite of the challenges brought by the COVID-19, according to Dr. Holger Klein, director of the board of management at ZF.

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A visitor looks at an exhibit at the 2021 World New Energy Vehicle Congress (WNEVC) in Haikou, capital of south China's Hainan Province, Sept. 15, 2021. (Xinhua/Zhou Jiayi)

BEIJING, June 7 (Xinhua) -- ZF Friedrichshafen AG (ZF), a world-renown German auto parts supplier, is upbeat about the Chinese market in spite of the challenges brought by the COVID-19, according to Dr. Holger Klein, director of the board of management at ZF.

Dr. Klein told Xinhua in an interview that ZF has paid great attention to the Asia Pacific region since mid-March and urged the local management to adopt efficient and flexible measures against the COVID-19 resurgence.

The group worked closely with vendors, clients and partners to ensure production, supply and logistics, making great contributions to stabilizing industrial chain and supply chain.

Thanks to the recent policies rolled out by the Chinese government, the ZF has accelerated resumption of operation, said Dr. Klein. For example, the group's Shanghai Caohejing base and Jiuting industrial park have resumed operation on June 1. The number of workers resuming production in factory in the Jiading district of Shanghai has been on the rise, while production lines in Changchun, Wuhan and Zhangjiagang are operating at full capacity.

When mentioning future plan of the group, he said that the Asia Pacific region is of vital importance for the group as it has a great potential.

In 2021, the sales volume in the China-centered Asia Pacific region took a share of 23.5 percent in the group's total global sales, while the group targets at 30 percent share in region by 2030.

"China is the largest auto market in the world and a market with strong vitality, resilience and appeal, and thus we have full confidence in the Chinese market", said Dr. Klein, adding that the group will continue to invest in China.

Headquartered in Friedrichshafen, ZF is a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility.

(Contributed by He Lili in Germany, edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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Keyword: ZF

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