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Vitesco Technologies Group AG: Pioneer in Automation of Life Cycle Assessments: Vitesco Technologies rolls out Life Cycle Engineering

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DGAP-News: Vitesco Technologies Group AG / Key word(s): ESG
Vitesco Technologies Group AG: Pioneer in Automation of Life Cycle Assessments: Vitesco Technologies rolls out Life Cycle Engineering
21.06.2022 / 09:00
The issuer is solely responsible for the content of this announcement.

Pioneer in Automation of Life Cycle Assessments: Vitesco Technologies rolls out Life Cycle Engineering

  • Sustainability established as a key criterion in product development.

  • For optimized ecological footprint: life cycle engineering reduces environmental impact and increases recyclability.

  • University of Erlangen, Germany confirms Vitesco Technologies’ pioneering role in automating life cycle assessments.

Regensburg, June 21, 2022. With the aim of optimizing the ecological footprint of its products and, in the long term, designing them to be CO2-neutral throughout their entire life cycle, Vitesco Technologies, a leading supplier of advanced drive technologies and electrification solutions, is intensively looking into the so-called Life Cycle Engineering (LCE).

Life cycle engineering (LCE) means that when designing and developing a product, the ecological footprint of the entire value chain is taken into account – from the extraction of raw materials for supplied parts, through their production and transport, to the use of the finished product and its recycling at the end of its life – in order to optimize these aspects using scientific methods.

“As a provider of climate-friendly mobility solutions we are committed to meeting high standards in terms of sustainability,” explains Anja Rivera de la Cruz, head of Sustainability at Vitesco Technologies: “Our business model is based on the understanding that we are significantly reducing vehicle CO2 emissions with our products. Our goal is to make our production operations up to 100 percent neutral by 2030 and all our business processes along the value chain completely CO2 neutral by 2040 at the latest. To do this, we want to create a life cycle assessment (LCA) for all new product groups – as our customers, OEMs from all over the world, are increasingly asking for.” This will enable the company to analyze and make transparent how its products affect the climate over their entire life cycle.

Vitesco Technologies also contributes its expertise to the “Umwelt Produkt” working group of the Verband der Deutschen Automobilindustrie (association of the German automotive industry), and to several initiatives of the CLEPA regarding life cycle assessments. The company’s expertise is in high demand from automotive manufacturers and suppliers who also want to introduce life cycle assessments in their companies. “Only when you know the CO2 footprint of your own actions or a product, you can also implement suitable measures or select materials to reduce its environmental impact. We can take advantage from years of experience, extensive databases and highly specialized tools,” explains Khosrau Heidary, head of Life Cycle Engineering at Vitesco Technologies.

Prof. Dr. Alexander Martin from the University of Erlangen-Nuremberg and the Fraunhofer IIS, a proven expert in life cycle engineering, considers the company a pioneer when it comes to automating life cycle assessments: “Vitesco Technologies has developed very innovative, scientifically sound concepts in many areas that are unparalleled in the industry. Almost all major companies are working on this topic and are currently in the analysis phase. Vitesco Technologies has already completed that phase and is taking a pioneering role in the supplier industry by implementing life cycle engineering in its corporate processes.”

As long as a product consists of several components, countless possibilities arise for its development and assembly. These include different design methods, materials, suppliers, supply routes and manufacturing methods, as Heidary explains: “We use mathematical methods to determine which combination can optimize the environmental footprint of a product. On this basis, we in the Life Cycle Engineering team, develop an environmentally optimized product – with consistently high quality and the lowest possible costs.”

The pilot project for this initiative at Vitesco Technologies was the life cycle assessment of a high-voltage inverter – a particularly complex product with many components that are also used in other areas of electric vehicles. For this alone, around 400 individual components and all steps in the value chain were collected and analyzed. The method, with which life cycle assessments can be mathematically optimized in an automated manner, was developed in cooperation with the University of Erlangen-Nuremberg. Following the successful pilot phase, this method is now being introduced in development, production, and business processes as part of the life cycle engineering program.

Vitesco Technologies is a leading international developer and manufacturer of modern drive technologies for sustainable mobility. With intelligent system solutions and components for electric, hybrid and combustion drive trains, Vitesco Technologies makes mobility clean, efficient and affordable. The product portfolio includes electric drives, electronic control systems, sensors and actuators, as well as exhaust gas aftertreatment solutions. In 2021, Vitesco Technologies achieved a turnover of €8.3 billion and employs more than 37,000 people at around 50 locations. Vitesco Technologies is headquartered in Regensburg, Germany.


Contact for journalists

Emerenz Magerl-Ziegler
Press Spokesperson for Human Relations & Sustainability
Vitesco Technologies
Siemensstrasse 12
93055 Regensburg, Germany
Phone +49 941 2031 901 49
emerenz.magerl-ziegler@vitesco.com
www.vitesco-technologies.com

Press portal

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21.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Vitesco Technologies Group AG

Siemensstraße 12

93055 Regensburg

Germany

Phone:

+49 941 2031 0

E-mail:

ir@vitesco.com

Internet:

www.vitesco-technologies.com

ISIN:

DE000VTSC017

WKN:

VTSC01

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1379423


 

End of News

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