German machine and car parts manufacturer Schaeffler has agreed to sell its Chinese turbocharger unit to Chengdu Xiling Power Science & Technology. The deal with the Chinese company is part of the portfolio rationalisation Schaeffler outlined at its capital markets day in September. The turbocharger business, which is currently organised under Vitesco Automotive Shanghai, became part of Schaeffler in 2024 with the purchase of Vitesco Technologies. Schaeffler said Vitesco Automotive Shanghai is “in decli ...