ZF Friedrichshafen is the latest German automotive company to face troubles with its electric transition

ZF Friedrichshafen is the latest German automotive company to face troubles with its electric transition

 THOMAS KIENZLE

Major German automotive supplier ZF Friedrichshafen said Friday it had scrapped some of its electric vehicle projects due to lacklustre demand, leading it to expect an annual loss.

ZF had agreed with customers to "end earlier than planned several projects that were not proving as profitable as expected due to the slow ramp-up in e-mobility", it said in a statement.

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