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Schaeffler Ink Agreement with China

Auto News - Published on Mon, 09 Sep 2019

Image Source: https://www.schaeffler.com
Leading global automotive and industrial supplier Schaeffler has signed an investment agreement with China’s Hunan province in a move aimed at supporting and facilitating autonomous driving in China using Schaeffler technologies. Under the agreement, both parties will jointly develop a mobility ecosystem for intelligent vehicles in the provincial capital of Changsha. Schaeffler’s role in the venture will revolve mainly around the further development of its Space Drive technology, a key enabler of autonomous driving, and the Schaeffler Mover, a mobility concept featuring Schaeffler Intelligent Corner Module technology. The formal signing ceremony for the agreement was held in Beijing and was attended by German Chancellor Angela Merkel and Chinese Premier Li Keqiang.

The agreement was signed by Mr Matthias Zink Schaeffler’s CEO Automotive OEM and Mr Hu Zhongxiong, the Mayor of Changsha, a city of seven million people in Hunan Province, and Secretary of the CPC Hunan Xiangjiang New Area Working Committee. It opens the way for the establishment in Hunan Xiangjiang New Area of a local Schaeffler company to implement Schaeffler’s Space Drive drive-by-wire technology locally in Hunan province and take the Schaeffler Mover platform forward into the next phase of its development. The establishment of the new company is further testimony that Schaeffler’s technologies and products for intelligent vehicles are ideally suited to use in big cities, not least China’s major areas of conurbation.

Space Drive is a key enabling technology for tomorrow’s automated, autonomous and connected vehicles that is currently being developed with a view to volume production. It is a leading drive-by-wire technology comprising a triple-redundant electronic interface that operates vehicle steering, accelerator and braking functions by wire, rather than mechanical means. As such, it enables autonomous driving in a wide range of application scenarios. Space Drive is the world’s first and so far only drive-by-wire system to be licensed for on-road use and to feature the level of redundancy needed to guarantee functional safety and reliability.

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Posted By : Mohan Sharma on Mon, 09 Sep 2019
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