Global Expansion Initiatives Unfold as Schaeffler and Alibaba Cloud Deepen Collaboration

This week witnessed German automotive giant Schaeffler extending its global partnership with Alibaba Cloud, focusing on digitalizing operations, especially in the Asian market.

The collaboration between Alibaba Cloud and Schaeffler Greater China aims to strengthen the industrial powerhouse’s digital foundation, spanning from smart products to digital value chains. Schaeffler, headquartered in Germany, plans to leverage Alibaba Cloud’s robust cloud infrastructure, cutting-edge digital intelligence, edge computing, and AI technologies for comprehensive digital transformation across diverse markets.

This development follows Schaeffler’s 2019 partnership with Alibaba Cloud, reflecting the automotive industry’s broader trend towards intensified digitalization efforts. In line with industry projections, auto companies are anticipated to invest a substantial $238 billion in digital transformation by 2030, as highlighted by ABI Research.

Alibaba Cloud’s latest collaboration is poised to empower Schaeffler to capture growth opportunities, fostering innovation to meet the evolving demands of global customers in the AI-driven era, according to a statement from Alibaba Cloud.

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