/ Key term(s): Financial investment

FUCHS strengthens e-mobility business enterprise and enters the battery industry

25.05.2022 / 10:01
The issuer is only dependable for the information of this announcement.

The FUCHS Group, which operates globally in the lubricants business, has taken over 28 per cent of the shares in E-Lyte Improvements GmbH. This young company develops and provides groundbreaking liquid electrolytes for substantial-functionality batteries in the industrial and automotive sectors. “We are environment foot on new terrain outdoors the basic programs for lubricants. The environment is switching swiftly and we dont just want to maintain speed, we want to actively satisfy the long run: by moving into a incredibly thrilling, globally rapidly-expanding sector with substantial organization probable,” feedback Stefan Fuchs, Chairman of the Govt Board, describing the factors behind the modern financial investment.

The Team launched its FUCHS2025 strategy plan back in 2019. More than the up coming few a long time, this software will support the organization just take edge of the possibilities offered by the megatrends of digitalization, sustainability, and e-mobility. The new financial investment will also feed into this, as it grants FUCHS obtain to the rapidly-escalating current market for electrolytes. This marketplace is established to come to be ever more important, especially in and out of Europe, considering that
electrolytes stand for a vital element of the lithium-ion batteries employed in many applications, including e-mobility. FUCHS is investing close to EUR 8 million in this new space of activity. The share invest in arrangement also opens up the chance of obtaining further shares on a stage-by-stage foundation more than time.

“Although this marketplace is uncharted territory for us, at FUCHS we are specialists in creating customized-created answers for special purchaser necessities and a incredibly wide range of purposeful fluid programs all over the world,” provides the CEO. One thing the two new associates have in widespread is the actuality that they are not seeking to provide the mass marketplace, but instead target on promising higher-general performance apps. The expenditure represents an vital stage and extends FUCHS’ abilities in the discipline of e-mobility. The Team currently prolonged its portfolio in 2020 with FUCHS BluEV, a dedicated products line for the most up-to-date e-mobility applications.

The E-Lyte solution know-how also focuses on assembly specific needs and is based on unique general performance traits, such as a lot quicker battery charging periods. These are not only of crucial importance for electrical vehicles, but also hold possible for a lot of other promising locations, these as drones, clinical engineering, significant and low temperature apps, or the aerospace sector.

“There is no more time just one common electrolyte for batteries and the variances concerning these accessible are starting to be extra and additional pronounced. The speedily acquiring battery systems for a broad range of programs are leading to skyrocketing need for personalized electrolyte formulas and ever greater output volumes. In get to cater for this, we need a regional provide chain, not only mainly because the electrolyte won’t allow extensive supply and storage situations mainly because of its confined shelf life,” claims Dr. Ralf Wagner, Managing Companion of E-Lyte Improvements GmbH.

In the up coming move, the demanded manufacturing infrastructure will be proven jointly at the FUCHS locale in Kaiserslautern, Germany to aid industrialization, scaling, and further more development. Resources are in certain remaining invested in the generation facilities and laboratory devices. Manufacturing is scheduled to start in the summer time of 2023.

German business Customcells Holding GmbH, a leading worldwide firm in the progress of distinctive, significant-overall performance lithium-ion battery cells, is the 3rd associate in the joint venture.

Mannheim, Might 25, 2022

Community Relations
Einsteinstraße 11
68169 Mannheim
Tel. +49 ()621 3802 1104

[email protected]

The pursuing details can be accessed by means of the Online:
Image and video material: https://www.fuchs.com/gb-en/image-gallery/

Founded in 1931 as a loved ones business in Mannheim, FUCHS is now the world’s most significant unbiased supplier of impressive lubrication remedies, covering practically every single industry and software. Right now, the firm’s 6,000 workforce in around 50 countries continue to share the exact same aim: to maintain the earth relocating the two sustainably and proficiently. To reside up to this claim, we think in conditions of perfection, not simply specifications. When developing person answers, we enter into an intensive shopper dialogue acting as an experienced specialist, revolutionary trouble solver and trustworthy staff associate.

About E-Lyte Improvements
E-Lyte Innovations GmbH operates out of the town of Münster in Germany, the place it develops and produces groundbreaking electrolytes for contemporary electrical power storage systems with a target on specific necessities. The company was launched in 2019 as a startup, splitting away from the Fulfill Battery Exploration Middle at the University of Münster (WWU). It is supported by the EXIST Transfer of Exploration pre-seeding plan, which by itself is financed each by Germany’s Federal Ministry for Economic Affairs and Local weather Action (BMWK) and the European Social Fund. The workforce now has twelve members.

CUSTOMCELLS is a primary firm in the improvement and sequence generation of state-of-the-art lithium-ion battery cells. Centered on flexible production concepts and condition-of-the-art research and output services, CUSTOMCELLS develops and provides high-tech solutions in the subject of electrodes, electrolytes, battery cells and battery modules tailor-made to the respective requirement profile of its customers. The purchaser spectrum addresses a huge vary of industries  with a concentration on the automotive, maritime, oil & gasoline and, in the long term, aviation sectors.



At the signing of the contract (from left): Dr. Stephan Röser (Head of Generation E-Lyte Improvements GmbH), Kay-Peter Wagner (Running Director FUCHS SCHMIERSTOFFE GmbH), Torge Thönnessen (Taking care of Director Customcells Holding GmbH), Stefan Knapp (Chairman of the Executive Board FUCHS SCHMIERSTOFFE GmbH), Dr. Ralf Wagner (Running Director E-Lyte Innovations GmbH), Dr. Kolja Beltrop (Head of Exploration & Progress E-Lyte Improvements GmbH)

25.05.2022 Dissemination of a Corporate News, transmitted by DGAP – a provider of EQS Group AG.
The issuer is entirely liable for the written content of this announcement.

The DGAP Distribution Providers include Regulatory Bulletins, Fiscal/Company News and Press Releases.
Archive at www.dgap.de