Deal between ZF and Wolfspeed about the chip production plant is seen as a sign of business's future

Deal between ZF and Wolfspeed about the chip production plant is seen as a sign of business’s future

The German automobile industry has struggled to adjust to changing times, and the government has attempted to assist by granting incentives to stimulate the manufacturing of electric cars. However, the transition to EVs has not been without obstacles, and many sector employees are concerned about their future.

The agreement between ZF and Wolfspeed is a step in the right direction and indicates that there is still hope for auto employees. It also emphasises the need for government assistance to sectors during periods of transformation. The German government has shown its commitment to assisting with the transition to EVs, as seen by the agreement between ZF and Wolfspeed.