ZF is a global technology company and supplies systems for passenger cars, commercial vehicles, and industrial technology, enabling the next generation of mobility.
With its comprehensive technology portfolio, the company offers integrated solutions for established vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF continually enhances its systems in the areas of digital connectivity and automation to allow vehicles to see, think and act.
In 2018, ZF achieved sales of €36.9 billion, and annually the company dedicates around 2.5 billion euros to research and development.
The company has a global workforce of 149,000 with approximately 230 locations in 40 countries. ZF invests over six percent of its sales in research and development annually.
Business in Serbia
In 2018 The German engineering specialist ZF Friedrichshafen announced €160 million investment in an R&D centre in Pančevo. Focus is on the development and production of electric shafts for OEMs, including emobility electric motors, electronic and mechatronic gearboxes, microswitches and printed circuit boards.
At the Pančevo plant, located 14 kilometers from capital, ZF Tech Center performs complex testing of electric drives including high temperature testing, functional testing and torque, power and efficiancy testing.
"Within Europe, these measures (opening of the plant and R&D center) will turn the Pancevo plant into ZF largest e-mobility location outside of Germany. We have consciously opted in favor of this investment as we see that already today cooperation with e-mobility headquarters in Germany is outstanding. Thanks to our future cooperation with the local universities we will educate the next generation of e-mobility engineers."
Jörg Grotendorst, ZF Head of E-Mobility Division (opening ceremony 12th June 2019)