LEVA-EU member Hirschvogel is one of the world’s largest motor vehicle parts suppliers. Now, the auto giant shifts its focus towards ‘green business’
In its move to compete in the green and light mobility market, including that of bicycles, the business has dedicated 67% of its 2021 investment into such sectors; this equates to approximately €174 million. For context, the group consolidated sales of €1.25 billion in 2018 and employs over 6,000.
This new focus should come as no surprise after the group revealed some 70% of orders for parts won in 2021 were associated with ‘green businesses’, with this trend continuing into 2022.
“The focus is on green business, the “green” business around CO2 – emission-free mobility concepts. In order to ensure growth and employment at all locations for future generations as well, we are currently aligning the components business in the automotive sector with high pressure towards e-mobility and drive independence. At the same time, we would like to grow through company investments in related technologies and markets,” says Jörg Rückauf, the company CEO.