Fahrvergnügen! German parts supplier to jump into AV game with $14B investment

www.bloomberg.com

German-based auto parts supplier ZG Friedrichshafen AG is jumping into the autonomous vehicle game with a $14 billion investment over the nexts five years. The privately held company plans to have a battery-powered AV delivery van for series production by fall 2020, pitting it head-to-head against Volkswagen’s Crafter and Ford’s Transit delivery AV. 

With so many companies trying to carve out a piece of the AV space, it's not surprising to see the ecosystem of parts suppliers entering the fray.

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