Industry dynamics

ZF Doubles Down on China by Unveiling New Building for Asia Pacific HQ

Publishtime:1970-01-01 08:00:00 Views:35

【Shanghai, China】ZF Asia Pacific Region is consolidating headquarter functions with inauguration of a new office building in Shanghai, getting ready for future growth.

ZF Doubles Down on China by Unveiling New Building for Asia Pacific HQ

Photo credit: ZF

The 8-story new office building, unveiled on June 16, will become a new leadership center for the region to enhance operation efficiency and move toward next generation mobility. It further reinforces the company’s long-term commitment to China and Asia Pacific market.

We are doubling down on China – we continue to invest in and lead from China. We are making China as the home room for our product lines and our global functions,” said Dr. Holger Klein, member of the Board of Management (BOM) of ZF Group. “Shanghai, with two tech centers and a shared service center, is important part of global infrastructure. Another global function, an IT innovation center, will be created here, leveraging China’s eco-system.”

"This year marks the 40th anniversary of our entry into China market, and we have already set up nearly 50 production enterprises and four R&D centers across the country,” said Ms. Renee Wang, President of ZF China and Senior Vice President Operations for the Asia-Pacific Region. “ZF has gone through a journey of “China sales,” “China manufacturing”and “China R &D.”We will continue to deeply cultivate the Chinese market, make investment, enhance innovation and development capabilities. At the same time, ZF will promote digital manufacturing, strengthen the local management team and work with China to build the next generation of mobility."

ZF Doubles Down on China by Unveiling New Building for Asia Pacific HQ

Photo credit: ZF

The new office building is located in the Caohejing New Technology Development Zone, Shanghai. With 8 floors and a space of 12,690 square meters, it will house nearly 1,000 employees by the end of 2021.

The new headquarters will build the company’s capability in the region, as one ZF, making it as a leadership hub, which helps to maximize business synergy, and ensure enough buffer for future growth.

ZF Doubles Down on China by Unveiling New Building for Asia Pacific HQ

Photo credit: ZF

In the new workplace, ZF is promoting the concept of "Office 3.0", which advocates digitalization, sustainability, agility and collaboration. People will find a harmonized office culture between various global ZF functions. For example, nobody owns a fixed seat, which will facilitate communication and collaboration.

ZF Asia Pacific headquarters are based in Shanghai, with its facilities mainly located in Caohejing of Xuhui District, Jiuting Town of Songjiang District and Anting Town of Jiading District. The Asia Pacific headquarters in Caohejing is the central hub for ZF's Asia Pacific business units and functions, bringing together business units and functions that were previously located in different office locations. The Jiuting campus in Songjiang District will continue to serve as ZF China headquarters, and is positioned as ZF's advanced innovation center, R&D center and shared service center, including R&D bases for electric drives, chassis technology and industry technology. The Anting Technology Center (ATC) in Jiading District will become the R&D base for ZF's automated driving, active and passive safety technologies. These three office locations will form a golden triangle, and the trinity will achieve functional optimization and synergy effects.

The Asia-Pacific region is gaining weight in the global map of ZF Group. In 2020, ZF generated 32.6 billion Euros in global sales, with nearly 25 percent coming from Asia-Pacific Region.