ThyssenKrupp announces expansion in China

Thursday, 18. March 2021 14:23

ThyssenKrupp Bilstein announced on Thursday the company would be expanding its operations on the Chinese market from 2022 related to the production of electronically adjustable damper systems.

"The growing market for electric vehicles in China is of great interest to us. Especially as many Chinese OEMs are strongly focused on the premium segment and value our products and system capabilities very highly. For us now is the right time to intensify our activities on the Chinese market," Chief Executive Peter Klaus Kirner commented on the decision.

The company has been producing powertrain components in China since 2014, and is set to invest an additional €8 million in its Changzhou facility and create 160 along the way.

Related Links: ThyssenKrupp AG
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