EIB supports #ZF in developing advanced braking and steering for cars. The funds will enable us to invest a total of €1.3 billion in research and development of innovative technologies for braking and steering systems, actively shaping the switch to software-defined vehicles. #ToMobilityandBeyond #chassis
We are pleased to continue our longstanding partnership with the EIB. Nicola Beer and I signed a loan with the European Investment Bank (EIB) (EIB) that will support ZF in developing advanced braking and steering for cars. The EIB stands for long-term financing and is recognised as a sustainable investor. That suits us well as a company with two foundations as shareholders. The transaction marks the third project between the EIB and ZF. ZF Group is pioneering the development and industrialization of modern chassis systems. The loan will help to finance the development of x-by-wire technology, including the steer-by-wire system, which does away with the mechanical connection between the steering wheel and steering system. These technologies are fundamental for higher levels of vehicle automation. They lead to better vehicle control, more steering flexibility, greater driving stability at high speeds and, by extension, an overall increase in safety and comfort. #nextgenerationmobility #xbywiretechnology