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ZF May Eclipse Continental in Reinvention Race During EV Shift

  • German auto supplier 2021 revenue jumped by at least 10%
  • Industry faced headwinds from chip shortage to freight cost
A concept vehicle displays automotive parts in the ZF Friedrichshafen AG pavilion at the IAA Munich Motor Show in 2021.

A concept vehicle displays automotive parts in the ZF Friedrichshafen AG pavilion at the IAA Munich Motor Show in 2021.

Photographer: Krisztian Bocsi/Bloomberg

ZF Friedrichshafen AG is poised to overtake Continental AG as the auto-parts rivals navigate fierce headwinds to tackle the disruptive shift to electric and self-driving vehicles.

The German supplier to the likes of BMW AG and Porsche met its profit-margin target last year amid a double-digit jump in revenue, even as the further fallout from the Covid-19 pandemic and major supply shortages weighed on the industry.