CompetitorsThe mega suppliers Denso Corporation and Magna International are among ZF Friedrichshafen AG’s main competitors, together with the Germany-based Robert Bosch GmbH and Continental AG. With the establishment of its Zukunft Ventures GmbH, ZF is expected to increase its activity in the area of autonomous driving.
HistoryZF Friedrichshafen AG was founded in 1915 in Germany to originally produce gears for airships, such as Zeppelins. A few years later, the company switched to producing gears for cars and has since become one of the pioneering companies in the automotive industry, spending more than two billion euros on research and development in 2020.
Throughout the 1960s, ZF Friedrichshafen AG started supplying transmissions to leading German automotive companies, such as BMW, Mercedes-Benz, and Porsche. The rising demand for ZF Friedrichshafen AG’s products led to the company expanding to other countries. Nowadays, the company operates in over 20 countries around the globe, including the United States, India, South Korea, and China.