Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and systems for industrial applications in Europe, the Americas, China, and the Asia Pacific. It operates through E-Mobility, Powertrain and Chassis, Vehicle Lifetime Solutions, Bearings & Industrial Solutions divisions. The E-Mobility division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles. It includes electric drives, controls, and mechatronics and modules, as well as battery components, decoupling units, and wet clutches. The Powertrain & Chassis division develops, manufactures, and distributes components and system solutions for electrified powertrains and internal combustion engine, as well as chassis and steering technologies. This segment also provides engine and transmission systems, powertrain solutions, and chassis systems; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxiliary drives. The Vehicle Lifetime Solutions division offers components and repair solutions for passenger cars, light and heavy commercial vehicles, tractors, and two-wheelers. The Bearings & Industrial Solutions division develops, manufactures, and distributes rotary and linear bearing solutions, drive components and systems for industrial automation sectors, and service solutions. The company has a strategic technology partnership with Hexagon Robotics for the development and supply of high-precision strain wave and planetary gear actuators. The company also has strategic partnership with Spire Global, Inc. to develop space hardware subsystems, satellite platforms, and advanced radiofrequency (RF) and environmental sensing capabilities. The company was formerly known as INA Beteiligungsgesellschaft mit beschränkter Haftung and changed its name to Schaeffler AG in October 2014. Schaeffler AG was founded in 1946 and is headquartered in Herzogenaurach, Germany. Schaeffler AG is a subsidiary of IHO Verwaltungs GmbH.