Schaeffler is a company that manufactures high-precision components and systems as well as rolling and plain bearing solutions. It operates through four divisions: E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solutions, and Bearings & Industrial Solutions. The E-Mobility division provides electric axles and hybrid drives with inverters, combustion engines, electric motors, assemblies such as transmissions, high-voltage electric motors for traction drives, and 48-volt mild hybrid systems. The Powertrain & Chassis division specializes in valve-lash adjustment elements, phasing systems, chain and belt drives, wheel bearings, electromechanical actuators, etc. The Vehicle Lifetime Solutions division offers spare parts for trucks, buses, and trailers. The Bearings & Industrial Solutions division produces rolling bearings and power transmission, test rigs, etc.