KUALA LUMPUR, September 29 – ZF Foxconn Chassis Modules (ZFFCN), a leading global automotive supplier, anticipates doubling its annual sales from USD 4.4 billion to USD 8.8 billion by 2029, defying the global automotive market slowdown. ZFFCN attributes its growth to a robust order intake from top-tier OEMs such as BMW, Mercedes-Benz, Stellantis, and Porsche, with an increasing focus on the Asian New Energy Vehicle (NEV) market. This growth is supported by its two Malaysian plants in Kulim and Pekan, which cater to a diverse range of customers.
ZFFCN, a 50-50 joint venture between ZF Friedrichshafen AG and Foxconn, is celebrating 30 years of global chassis modules assembly and logistics excellence. Since its inception in 1994, the company has produced 40 million axle sets globally and 1.9 million car sets in the Asia-Pacific region and India. With agile production and logistics expertise, ZFFCN excels in handling both mass production and Completely Knocked Down (CKD) concepts for renowned international clients, further establishing itself as a trusted partner in the automotive industry.
Thinus Steyn, Vice President of ZFFCN’s AP Region, emphasized the company’s commitment to capacity expansion and local talent development in Malaysia, noting the strong orderbook supported by premium brands like BMW, Mercedes-Benz, and Porsche. As the company continues to adapt its processes to meet the needs of future customers, including Asian NEV manufacturers, ZFFCN’s footprint in the Asia-Pacific region is expected to grow, bolstered by its technology-open approach for both conventional and electric vehicles.
