Delphi Technologies has completed the process of becoming an independent company trading on the New York Stock Exchange. The new company, a spinoff from Delphi Automotive, will focus on the development and commercialisation of solutions for electric vehicles and internal combustion engines for both the passenger car and commercial vehicle markets.

Liam Butterworth, newly appointed chief executive officer, Delphi Technologies, said, “We are extremely well positioned to assist our customers worldwide to meet increasing regulatory demands around fuel economy and emissions. We are paving the way towards full electrification with our comprehensive technology portfolio, best-in-class cost structure and a balanced geographic manufacturing footprint with 20 manufacturing facilities and 12 technical centres on three continents.”

The spinoff sees Delphi Technologies separate from Delphi Automotive, which will become Aptiv (APTV), a global technology company that is enabling the future of mobility. Delphi Technologies’ 5,000 engineers will focus on solutions for electric vehicles and internal combustion engines for both the passenger car and commercial vehicle markets, while also meeting future demands for vehicle repair through its extensive global aftermarket network.

“Despite recent debates around the future of the internal combustion engine, market experts predict that around 95% of vehicles on the road will still have an engine in 2025, albeit with increasing degrees of electrification,” said Butterworth. “This means we have the opportunity to make significant step changes in vehicle performance on the way to a fully electric market. We continue to innovate in this space, which will include electrified vehicles with both gas and electric systems such as mild and full hybrid solutions.”