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Interview: Vitesco boss Andreas Wolf: “The market for electromobility does not depend on subsidies”

Düsseldorf, Regensburg The spin-off from Continental’s former drive division has been postponed several times. The time had come in 2021. For Vitesco boss Andreas Wolf it was one of the most important moments of the year. In an interview, Wolf recapitulates the past financial year and looks to 2022 with optimism. “We are making very good progress in phasing out our purely combustion-specific technologies,” says Wolf. Vitesco was largely able to put an end to the losses in this area in 2021.

Vitesco is making progress in the field of electromobility. “We have expanded our business with electrification components with new orders and brought it closer to break-even,” says Wolf. Overall, there are hardly any factors that could have a negative impact on the development of the electromobility market. “It’s more a question of how fast the market will grow. Will it be 40 percent a year or even 50 to 60 percent. “

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Reference-www.handelsblatt.com

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