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Reportable securities transactions

DGAP-DD: ElringKlinger AG english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
22.12.2021 / 21:36
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name:Theo
Last name(s):Becker

2. Reason for the notification

a) Position / status
Position:Member of the managing body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
ElringKlinger AG

b) LEI
529900QDISXXZ2D1Q489 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type:Share
ISIN:DE0007856023

b) Nature of the transaction
The shares were awarded by ElringKlinger AG as part of the variable Executive Board compensation (Long Term Incentive II) with a four-year blocking period.

c) Price(s) and volume(s)
Price(s)Volume(s)
10.4349EUR76917.75EUR

d) Aggregated information
PriceAggregated volume
10.4349EUR76917.7500EUR

e) Date of the transaction
2021-12-22; UTC+1

f) Place of the transaction
Name:Xetra
MIC:XETR



22.12.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Reportable securities transactions

DGAP-DD: ElringKlinger AG english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
22.12.2021 / 21:28
The issuer is solely responsible for the content of this announcement.

1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:Dr.
First name:Stefan
Last name(s):Wolf

2. Reason for the notification

a) Position / status
Position:Member of the managing body

b) Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
ElringKlinger AG

b) LEI
529900QDISXXZ2D1Q489 

4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type:Share
ISIN:DE0007856023

b) Nature of the transaction
The shares were awarded by ElringKlinger AG as part of the variable Executive Board compensation (Long Term Incentive II) with a four-year blocking period.

c) Price(s) and volume(s)
Price(s)Volume(s)
10.4348824EUR165158.67EUR

d) Aggregated information
PriceAggregated volume
10.4349EUR165158.6700EUR

e) Date of the transaction
2021-12-22; UTC+1

f) Place of the transaction
Name:Xetra
MIC:XETR



22.12.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Press Release

ElringKlinger supplies prototypes of battery system for high-end sports car

  • ElringKlinger secures contract to develop and supply battery system prototypes for Piëch Engineering AG
  • Project to commence as early as end of 2021
  • Initial volume in the mid-single-digit million euro range

 

Dettingen/Erms (Germany), December 16, 2021 +++ ElringKlinger AG has been awarded a contract by Piëch Engineering AG in the field of battery technology. As part of this contract, ElringKlinger will develop and supply prototypes of a battery system for an all-electric sports car engineered by the Swiss-German manufacturer. In addition to the battery modules, the battery units also include the battery management system. Including development, supply, and testing, the project will initially cover a volume in the mid-single-digit million euro range and is scheduled to begin as early as the end of 2021.

"The contract illustrates that ElringKlinger's innovatory and performance capabilities in the field of battery technology have become a compelling proposition. After all, Piëch places the highest demands on the fully electric drive of its vehicles, which we are able to meet with our battery solutions," says Theo Becker, Chief Technology Officer at ElringKlinger AG. "The first stages of the project are now already being implemented. Our Center of Excellence in Neuffen provides the best possible prerequisites for the project."

The Piëch battery concept is based on a pack with over 400 pouch cells, which, in combination with the control unit, forms the core element of the system. One of the technical highlights of this concept is the ability to switch the voltage from 800 V to 400 V. Thus, charging can be performed on the basis of 800 V technology, while driving operations are based on a voltage of 400 V. In addition, the innovative battery technology enables a range of 500 km at a capacity of more than 70 kWh and achieves high charging rates by reaching 80% battery capacity in under five minutes.

Piëch Automotive is a Swiss sports car manufacturer with a development center in Memmingen, Germany. Piëch's engineers rely on a flexible, modular concept for the vehicle architecture as a basis for further variants. The Piëch GT2 is scheduled to be launched in 2024 as the first vehicle in a product family of three models.

ElringKlinger has been developing and producing components for lithium-ion batteries for various hybrid- and battery-electric vehicle models for a period spanning more than ten years. The company's expertise in development and series production in the field of battery technology covers battery systems and battery modules as well as components for batteries, such as cell contact systems, module connectors, cell covers, sealing systems, and pressure equalization systems.

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Press Release

EKPO Fuel Cell Technologies and DR Powertrain collaborate in supplying fuel cell systems to Chinese Market

  • Agreement signed by EKPO and DR Powertrain to establish fuel cell cooperation with focus on Chinese market
  • As part of it, EKPO supplies DR Powertrain with fuel cell stacks for systems integration into automotive and non-automotive applications produced by local manufacturers
  • EKPO's Chinese site in Suzhou located in close proximity to Shanghai as hub for further activities in Asia within future-oriented field of fuel cell technology

 

Dettingen/Erms (Germany), 8. Dezember 2021 +++ 

EKPO Fuel Cell Technologies GmbH (EKPO), the joint venture between ElringKlinger (60%) and Plastic Omnium (40%), and Chinese systems integrator DR Powertrain System Co. Ltd. have signed a partnership agreement to develop fuel cell systems equipped with EKPO stacks for automotive and non-automotive applications with a focus on Chinese market. In this context, the partnership with DR Powertrain is to be extended in the long term and targets numerous Chinese market applications. The Suzhou site, which is located in close proximity to Shanghai, provides a suitable basis for intensifying EKPO's activities in the field of engineering, testing and the production of small-scale volumes for the Asian region.

DR Powertrain is a Sino-German joint venture headquartered in Jiaxing, Zhejiang Province, China. The company focuses on fuel cell vehicles, engineering and special vehicle powertrain systems, as well as hydrogen energy storage systems. Now the status of serial production of 5 - 120kW fuel cell systems and core balance-of-plant (BOP) components has been achieved, and the products have already passed the inspection certification by Chinese authoritative testing organization. DR Powertrain has completed the development and matching of several fuel cell electric vehicle (FCEV) types with Chinese national and international first-class automobile enterprises. Meanwhile, the technical indicators of the products are in the Chinese leading level. The agreement has now been reached to provide the fuel cell systems in FCEVs at this level with technologically excellent stacks.

The EKPO stack family around the NM5 and NM12 types meets the customer's exacting standards in respect of durable, compact fuel cell stack design alongside high power density of up to 6.2 kW/l in the cell block. In addition to the comparatively low weight, the nearly 600 cells of the NM12-Twin, for example, achieve a high power spectrum of up to 205 kW in pressure mode. Furthermore, the stack design offers the best possible basis when it comes to scaling and modularization, thus allowing the end customer to design its usage application with maximum flexibility and efficiency.

In commenting on the latest deal, Julien Etienne, EKPO's Managing Director for Sales, said: "With DR Powertrain, we are pleased to have joined forces with a partner with high technology demands and broad market access. Together, we are now working towards further contracts for cars and other applications. China is an important future market for us to contribute to modern mobility with our stack technologies. The location in Suzhou is an excellent starting point for our activities in Asia, particularly in China."

Dr. Haiyu Gao, Deputy General Manager of DR Powertrain and responsible for sales, appreciated the cooperation between the two companies: "DR Powertrain and EKPO have cooperated smoothly during the development and supply of high-level passenger vehicle projects for various domestic first-class automobile enterprises, the excellent technology and product standards have been highly recognized by users. Through the cooperation with EKPO, DR Powertrain will apply new generation of system integration solutions and leverage the performance advantages of our own BOP component products. The cooperation with EKPO will enable both companies to gather stronger R&D and production capabilities, bring higher integration and cost-effective products to users, and provide timely service support."

Through its parent company ElringKlinger, EKPO has been actively pursuing fuel cell research and development for around 20 years. The compact stacks are based on proton-exchange membrane (PEM) technology and convert chemical into electrical energy using hydrogen and oxygen. EKPO offers stacks in various configurations for integration into customer systems. Stacks with peripheral components and system functionalities integrated into the media module are also available as an option. These features enable considerable simplification and cost reduction with regard to the fuel cell system. Drawing on the system solutions of its parent company Plastic Omnium, EKPO can cover the entire value chain of a hydrogen-based fuel cell drive. EKPO has an initial production capacity of up to 10,000 stacks per year, which will be gradually expanded in line with its order intake.

About EKPO Fuel Cell Technologies
EKPO Fuel Cell Technologies (EKPO), headquartered in Dettingen/Erms (Germany), is a leading joint venture in the development and large-scale production of fuel cell stacks for CO2-neutral mobility. The company is a full-service supplier for fuel cell stacks and components used in passenger cars, light commercial vehicles, trucks, buses, as well as in train and marine applications. Within this context, the company is building on the industrialization expertise of two established international automotive suppliers - ElringKlinger and Plastic Omnium. The aim of the joint venture is to develop and mass-produce high-performance fuel cell stacks in order to further advance CO2-neutral mobility - whether on the road, rail, water or off-road.

About DR Powertrain Systems
DR Powertrain has started to engage in the industrialization of fuel cells in China 15 years ago. DR Powertrain's industrial layout covers four major sectors, including vehicle products (sightseeing car), system products (fuel cell system and powertrain system), core components (air compressor, hydrogen supply and return assembly, etc.) and engineering service. The company has realized its "1+2+6+1 vehicle-system-component-service" business layout, completed dozens of product finalizations and vehicle matching. Through technical iterations with high-standard passenger vehicle and high-quality commercial vehicle applications, DR Powertrain has become a leading company in the fuel cell industry and has received key support from local governments. In the future, DR Powertrain will deepen promotion in the transportation field, explore multi-scenario applications such as energy storage, and actively devote itself to the Chinese "dual-carbon" plans as well as practices.

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Press Release

ElringKlinger honored for resource-saving battery cell housing design

Dettingen/Erms, Fellbach, November 5, 2021 +++ ElringKlinger AG has come second in the "Material Efficiency" category of this year's Baden-Wuerttemberg Environmental Technology Award. The company was honored for "InnoCap", an innovative cap design for prismatic lithium-ion cells. The award ceremony by Sibylle Hepting-Hug, Head of the Department of Principle, Sustainability, Climate Protection, Resource Efficiency and Circular Economy at the Ministry of Environment took place yesterday evening at the Schwabenlandhalle in Fellbach. .

The Ministry of Environment, Climate and Energy Management Baden-Wuerttemberg has been awarding the Environmental Technology Prize every two years since 2009 for outstanding and innovative products in environmental technology. The prize money amounts to 100,000 euros and is divided among four categories and a special jury prize. In the categories "Energy Efficiency," "Material Efficiency," "Emission Reduction, Processing & Separation," and "Measurement and Control Technology, Industry 4.0," awards are given to products that make a significant contribution to resource efficiency and environmental protection and are about to be launched on the market or have been on the market for no longer than two years. Companies based in Baden-Wurttemberg are eligible to enter the competition.

ElringKlinger took second place in the "Material Efficiency" category. The company impressed the jury with an innovative, resource-saving lid design for prismatic lithium-ion cells, which act as energy storage devices and are usually interconnected to form modules. The new cell lid ensures that power is transmitted into and out of the cell via the cell poles. ElringKlinger is a member of the second battery IPCEI project "EuBatIn" and contributes to the establishment of a sustainable European battery value chain.

"The second place for our "InnoCap" is not only a great confirmation of the good work we have done in the Battery Technology and Electromobility business area in recent years. It is also proof of how far we have already come at ElringKlinger in terms of sustainable mobility," says CEO Dr. Stefan Wolf.

The excellent battery cell housing design makes it possible to reduce the number and complexity of components as well as the use of energy-intensive raw materials such as aluminum and copper. "We are saving up to a quarter of the components as a result. The resulting reduced manufacturing effort and material requirements mean that the CO2 footprint for this product can be reduced by around 40 percent. Likewise, due to the reduced number of components and efficient assembly, the scrap rate is significantly reduced," explains Gunnar Deichmann, Vice President Battery Technology & E-Mobility.

"I am impressed by the determination and consistency with which companies are contributing to sustainability and environmental protection with resource-efficient processes and products. With the Baden-Wuerttemberg Environmental Technology Award, we are honoring this commitment and giving companies the opportunity to present their innovative developments," explained Environment Minister Thekla Walker.

The other jurors are Prof. Dr. Thomas Hirth (Vice President for Innovation and International Affairs at the Karlsruhe Institute of Technology KIT), Prof. Dr.-Ing. Peter Elsner (Director of the Fraunhofer Institute for Chemical Technology ICT), Dr. Christian Kühne (Managing Director THINKTANK Industrial Resource Strategies), Dr.- Ing. Ursula Schließmann (Fraunhofer Institute for Interfacial Engineering and Biotechnology IGB, Head of Business Field Environmental and Climate Protection Technologies), Dr.-Ing. Hannes Spieth (Managing Director of Umwelttechnik Baden-Wuerttemberg GmbH - Landesagentur für Umwelttechnik und Ressourceneffizienz Baden-Wuerttemberg), Dr. Silke Wagener (Freudenberg Technology Innovation SE & Co. KG, Head of Technology Innovation Communication).

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The 118th Annual General Meeting of ElringKlinger AG took place on May 16, 2023 as a virtual Annual General Meeting at the ICS International Congress Center Stuttgart, Messepiazza, 70629 Stuttgart, Germany.

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