DGAP-News: FUCHS strengthens e-mobility business and enters the battery market

The FUCHS Team, which operates globally in the lubricants business, has taken over 28 p.c of the shares in E-Lyte Improvements GmbH. This youthful business develops and generates groundbreaking liquid electrolytes for superior-effectiveness batteries in the industrial and automotive sectors. “We are environment foot on new terrain outdoors the basic applications for lubricants. The planet is altering promptly and we dont just want to maintain pace, we want to actively satisfy the future: by moving into a quite exciting, globally quick-rising market with sizeable business prospective,” opinions Stefan Fuchs, Chairman of the Government Board, explaining the reasons powering the latest investment decision.

The Team launched its FUCHS2025 approach plan again in 2019. Over the future couple of years, this software will assistance the firm get edge of the possibilities introduced by the megatrends of digitalization, sustainability, and e-mobility. The new investment decision will also feed into this, as it grants FUCHS access to the quick-increasing industry for electrolytes. This market place is established to grow to be ever more crucial, notably in and out of Europe, due to the fact
electrolytes depict a critical element of the lithium-ion batteries used in a great number of purposes, like e-mobility. FUCHS is investing close to EUR 8 million in this new place of activity. The share order arrangement also opens up the chance of attaining additional shares on a stage-by-step foundation around time.

“Whilst this industry is uncharted territory for us, at FUCHS we are gurus in acquiring customized-made options for particular purchaser demands and a really wide vary of functional fluid programs around the globe,” provides the CEO. One particular thing the two new companions have in frequent is the point that they are not wanting to serve the mass industry, but somewhat emphasis on promising significant-overall performance programs. The expense signifies an significant move and extends FUCHS’ experience in the discipline of e-mobility. The Team already prolonged its portfolio in 2020 with FUCHS BluEV, a focused products line for the most recent e-mobility programs.

The E-Lyte product technologies also focuses on meeting distinct requirements and is based on distinctive effectiveness traits, these types of as speedier battery charging occasions. These are not only of very important significance for electric autos, but also keep probable for numerous other promising regions, these as drones, professional medical engineering, higher and lower temperature applications, or the aerospace sector.

“There is no for a longer period one universal electrolyte for batteries and the variances involving people readily available are becoming much more and much more pronounced. The rapidly acquiring battery technologies for a wide assortment of apps are producing skyrocketing demand from customers for tailored electrolyte formulation and ever bigger manufacturing volumes. In purchase to cater for this, we require a neighborhood supply chain, not only mainly because the electrolyte will not allow long shipping and storage situations for the reason that of its confined shelf lifetime,” suggests Dr. Ralf Wagner, Running Partner of E-Lyte Innovations GmbH.

In the subsequent move, the expected manufacturing infrastructure will be proven jointly at the FUCHS site in Kaiserslautern, Germany to aid industrialization, scaling, and further advancement. Resources are in particular getting invested in the production services and laboratory machines. Production is scheduled to begin in the summer time of 2023.

German organization Customcells Holding GmbH, a major global business in the development of distinctive, significant-general performance lithium-ion battery cells, is the 3rd husband or wife in the joint enterprise.

Mannheim, May perhaps 25, 2022

FUCHS PETROLUB SE
Public Relations
Einsteinstraße 11
68169 Mannheim
Tel. +49 ()621 3802 1104
[email protected]
www.fuchs.com/group

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Image and video clip materials: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
Launched in 1931 as a household small business in Mannheim, FUCHS is now the world’s most significant independent supplier of modern lubrication answers, masking almost every business and application. These days, the company’s 6,000 staff in over 50 international locations continue to share the very same aim: to maintain the entire world moving equally sustainably and competently. To live up to this assert, we imagine in phrases of perfection, not merely expectations. When developing personal methods, we enter into an intense consumer dialogue performing as an professional expert, modern issue solver and trustworthy team associate.

About E-Lyte Innovations
E-Lyte Improvements GmbH operates out of the town of Münster in Germany, wherever it develops and makes groundbreaking electrolytes for modern-day energy storage technologies with a concentrate on certain requirements. The firm was founded in 2019 as a startup, splitting away from the Fulfill Battery Investigation Middle at the University of Münster (WWU). It is supported by the EXIST Transfer of Exploration pre-seeding software, which by itself is financed each by Germany’s Federal Ministry for Economic Affairs and Weather Motion (BMWK) and the European Social Fund. The workforce at this time has twelve associates.

About CUSTOMCELLS
CUSTOMCELLS is a major corporation in the enhancement and collection generation of condition-of-the-artwork lithium-ion battery cells. Based on flexible producing concepts and state-of-the-artwork exploration and production facilities, CUSTOMCELLS develops and generates high-tech remedies in the industry of electrodes, electrolytes, battery cells and battery modules customized to the respective need profile of its clients. The shopper spectrum handles a huge array of industries  with a focus on the automotive, maritime, oil & fuel and, in the future, aviation sectors.

At the signing of the agreement (from left): Dr. Stephan Röser (Head of Creation E-Lyte Innovations GmbH), Kay-Peter Wagner (Taking care of Director FUCHS SCHMIERSTOFFE GmbH), Torge Thönnessen (Managing Director Customcells Keeping GmbH), Stefan Knapp (Chairman of the Government Board FUCHS SCHMIERSTOFFE GmbH), Dr. Ralf Wagner (Taking care of Director E-Lyte Innovations GmbH), Dr. Kolja Beltrop (Head of Study & Progress E-Lyte Innovations GmbH)