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

The FUCHS Group, which operates globally in the lubricants field, has taken in excess of 28 % of the shares in E-Lyte Innovations GmbH. This young enterprise develops and provides groundbreaking liquid electrolytes for superior-effectiveness batteries in the industrial and automotive sectors. “We are placing foot on new terrain outside the house the common apps for lubricants. The planet is shifting swiftly and we dont just want to preserve rate, we want to actively fulfill the long term: by coming into a incredibly thrilling, globally rapidly-escalating current market with substantial company possible,” reviews Stefan Fuchs, Chairman of the Government Board, describing the motives driving the current financial commitment.

The Group launched its FUCHS2025 method application back in 2019. About the future couple yrs, this system will help the corporation get benefit of the opportunities offered by the megatrends of digitalization, sustainability, and e-mobility. The new expense will also feed into this, as it grants FUCHS accessibility to the quick-escalating industry for electrolytes. This industry is established to turn into progressively vital, specially in and out of Europe, due to the fact
electrolytes represent a key part of the lithium-ion batteries utilised in many purposes, which includes e-mobility. FUCHS is investing all around EUR 8 million in this new space of activity. The share obtain agreement also opens up the probability of buying additional shares on a action-by-phase foundation around time.

“Despite the fact that this market is uncharted territory for us, at FUCHS we are gurus in creating personalized-built answers for particular client needs and a incredibly broad vary of purposeful fluid purposes worldwide,” adds the CEO. One particular detail the two new associates have in prevalent is the actuality that they are not hunting to provide the mass industry, but somewhat aim on promising high-overall performance purposes. The investment represents an vital move and extends FUCHS’ know-how in the industry of e-mobility. The Team already prolonged its portfolio in 2020 with FUCHS BluEV, a committed merchandise line for the most up-to-date e-mobility applications.

The E-Lyte merchandise technological know-how also focuses on assembly precise needs and is primarily based on particular general performance characteristics, these types of as a lot quicker battery charging situations. These are not only of important importance for electrical autos, but also keep potential for a lot of other promising locations, these as drones, clinical engineering, higher and minimal temperature programs, or the aerospace sector.

“There is no for a longer period one particular common electrolyte for batteries and the discrepancies between those offered are getting a lot more and extra pronounced. The quickly acquiring battery systems for a wide variety of apps are creating skyrocketing demand from customers for personalized electrolyte formulation and ever more substantial manufacturing volumes. In get to cater for this, we need to have a area provide chain, not only because the electrolyte won’t permit lengthy shipping and storage situations due to the fact of its restricted shelf lifetime,” says Dr. Ralf Wagner, Running Spouse of E-Lyte Improvements GmbH.

In the subsequent action, the demanded generation infrastructure will be set up jointly at the FUCHS site in Kaiserslautern, Germany to facilitate industrialization, scaling, and additional progress. Money are in specific staying invested in the creation amenities and laboratory gear. Creation is scheduled to begin in the summer time of 2023.

German company Customcells Holding GmbH, a top worldwide company in the advancement of particular, superior-effectiveness lithium-ion battery cells, is the 3rd associate in the joint enterprise.

Mannheim, Could 25, 2022

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

The adhering to data can be accessed via the Online:
Picture and video product: https://www.fuchs.com/gb-en/photograph-gallery/

About FUCHS
Founded in 1931 as a relatives business in Mannheim, FUCHS is now the world’s greatest unbiased provider of ground breaking lubrication answers, masking nearly each industry and application. Today, the firm’s 6,000 staff members in around 50 international locations nonetheless share the identical objective: to hold the globe going equally sustainably and effectively. To stay up to this claim, we feel in terms of perfection, not basically criteria. When acquiring unique remedies, we enter into an intense consumer dialogue acting as an professional expert, revolutionary dilemma solver and reputable team partner.

About E-Lyte Innovations
E-Lyte Improvements GmbH operates out of the city of Münster in Germany, where it develops and provides groundbreaking electrolytes for modern day electrical power storage systems with a concentration on certain prerequisites. The company was established in 2019 as a startup, splitting away from the Meet up with Battery Investigate Middle at the University of Münster (WWU). It is supported by the EXIST Transfer of Investigation pre-seeding plan, which alone is financed both by Germany’s Federal Ministry for Financial Affairs and Local climate Motion (BMWK) and the European Social Fund. The workforce at present has twelve customers.

About CUSTOMCELLS
CUSTOMCELLS is a major corporation in the progress and collection production of point out-of-the-artwork lithium-ion battery cells. Based mostly on adaptable producing concepts and point out-of-the-artwork investigate and creation amenities, CUSTOMCELLS develops and produces significant-tech answers in the field of electrodes, electrolytes, battery cells and battery modules customized to the respective necessity profile of its clients. The buyer spectrum handles a large range of industries  with a emphasis on the automotive, marine, oil & gasoline and, in the upcoming, aviation sectors.

 

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