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

The FUCHS Team, which operates globally in the lubricants sector, has taken above 28 per cent of the shares in E-Lyte Innovations GmbH. This young business develops and provides groundbreaking liquid electrolytes for significant-functionality batteries in the industrial and automotive sectors. “We are location foot on new terrain outdoors the common programs for lubricants. The world is changing fast and we dont just want to keep pace, we want to actively meet the long run: by entering a really thrilling, globally quick-escalating industry with considerable small business potential,” remarks Stefan Fuchs, Chairman of the Government Board, conveying the motives behind the latest financial investment.

The Team launched its FUCHS2025 tactic system back again in 2019. About the future several yrs, this system will enable the firm get benefit of the options introduced by the megatrends of digitalization, sustainability, and e-mobility. The new investment will also feed into this, as it grants FUCHS obtain to the rapidly-increasing market place for electrolytes. This sector is established to turn into increasingly vital, notably in and out of Europe, given that
electrolytes depict a important ingredient of the lithium-ion batteries used in innumerable apps, which include e-mobility. FUCHS is investing around EUR 8 million in this new area of activity. The share obtain arrangement also opens up the probability of acquiring further more shares on a action-by-step foundation about time.

“Though this market is uncharted territory for us, at FUCHS we are industry experts in creating tailor made-produced answers for exclusive shopper specifications and a very large vary of practical fluid apps worldwide,” provides the CEO. 1 issue the two new associates have in frequent is the truth that they are not seeking to serve the mass market place, but fairly concentrate on promising higher-functionality purposes. The investment decision signifies an crucial stage and extends FUCHS’ knowledge in the area of e-mobility. The Team now prolonged its portfolio in 2020 with FUCHS BluEV, a focused products line for the most up-to-date e-mobility apps.

The E-Lyte solution technologies also focuses on meeting distinct requirements and is based on special general performance qualities, this kind of as speedier battery charging occasions. These are not only of very important great importance for electric powered cars, but also hold possible for numerous other promising places, this kind of as drones, health-related engineering, high and small temperature apps, or the aerospace sector.

“There is no more time 1 universal electrolyte for batteries and the dissimilarities amongst those obtainable are turning into much more and far more pronounced. The speedily establishing battery systems for a broad variety of purposes are leading to skyrocketing demand for tailored electrolyte formulation and at any time greater generation volumes. In get to cater for this, we require a area offer chain, not only due to the fact the electrolyte does not allow very long shipping and delivery and storage occasions since of its limited shelf lifestyle,” states Dr. Ralf Wagner, Handling Spouse of E-Lyte Improvements GmbH.

In the next stage, the required production infrastructure will be set up jointly at the FUCHS location in Kaiserslautern, Germany to aid industrialization, scaling, and further more advancement. Money are in certain being invested in the output amenities and laboratory devices. Manufacturing is scheduled to start off in the summer months of 2023.

German company Customcells Keeping GmbH, a major global enterprise in the development of distinctive, higher-overall performance lithium-ion battery cells, is the third spouse in the joint venture.

Mannheim, May 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 product: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
Started in 1931 as a loved ones enterprise in Mannheim, FUCHS is now the world’s premier independent provider of revolutionary lubrication options, covering nearly each field and software. Right now, the company’s 6,000 personnel in over 50 nations around the world still share the exact aim: to hold the globe moving both sustainably and effectively. To live up to this claim, we assume in conditions of perfection, not just standards. When developing individual alternatives, we enter into an intensive shopper dialogue performing as an skilled consultant, modern problem solver and reputable workforce associate.

About E-Lyte Improvements
E-Lyte Improvements GmbH operates out of the town of Münster in Germany, the place it develops and provides groundbreaking electrolytes for fashionable power storage technologies with a concentrate on specific prerequisites. The corporation was established in 2019 as a startup, splitting away from the Satisfy Battery Study Center at the University of Münster (WWU). It is supported by the EXIST Transfer of Investigate pre-seeding method, which itself is financed each by Germany’s Federal Ministry for Financial Affairs and Local climate Action (BMWK) and the European Social Fund. The group at this time has twelve users.

About CUSTOMCELLS
CUSTOMCELLS is a top corporation in the enhancement and sequence generation of condition-of-the-art lithium-ion battery cells. Based mostly on flexible producing concepts and condition-of-the-art exploration and generation amenities, CUSTOMCELLS develops and makes high-tech options in the subject of electrodes, electrolytes, battery cells and battery modules tailored to the respective prerequisite profile of its consumers. The consumer spectrum covers a extensive vary of industries  with a concentration on the automotive, maritime, oil & fuel and, in the long term, aviation sectors.

 

At the signing of the contract (from still left): Dr. Stephan Röser (Head of Generation E-Lyte Improvements GmbH), Kay-Peter Wagner (Running Director FUCHS SCHMIERSTOFFE GmbH), Torge Thönnessen (Controlling Director Customcells Keeping GmbH), Stefan Knapp (Chairman of the Government Board FUCHS SCHMIERSTOFFE GmbH), Dr. Ralf Wagner (Handling Director E-Lyte Innovations GmbH), Dr. Kolja Beltrop (Head of Investigate & Development E-Lyte Improvements GmbH)