Announcements

• High-volume order for E-Mobility business unit covering period of several years
• Supply of cell contact systems of the latest generation for BMW Group's "NEUE KLASSE"
• ElringKlinger to invest an amount in the double-digit million euro range in new production machinery and infrastructure measures by the start of production in 2025

Dettingen/Erms (Germany), May 05, 2023 +++ ElringKlinger AG, a leading automotive supplier with a global presence and a broad range of products tailored to the e-mobility market, has been awarded a new high-volume series production contract covering a period of several years. Headquartered in Dettingen/Erms, Germany, ElringKlinger will supply the BMW Group with cell contact systems for the new series of "NEUE KLASSE" electric models.

Asked to comment, Dr. Stefan Wolf, CEO of ElringKlinger AG, said, "We are delighted to have been awarded this contract, which marks another milestone on the road to transformation for ElringKlinger. It will contribute toward propelling revenue beyond the EUR 3 billion mark in 2030. It is orders like these in the areas of electromobility and lightweighting, our strategic fields of the future, that will help us in our pursuit of profitable growth until the end of the decade."

In securing this contract, the E-Mobility business unit has won another high-volume series production order for battery components. As Jürgen Weingärtner, Senior Vice President Electric Drive and Battery Technology, explains, "Our cell contact system meets the most exacting standards in respect of technology and quality. The development and production process for cell contact systems is based on ElringKlinger's core capabilities, and it is precisely this aspect that allows us to achieve a high proportion of value creation within the Group itself. Overall, the order bears testimony to ElringKlinger's extensive expertise in battery technology."

Cell contact systems form an integral part of ElringKlinger's broad product portfolio for the next generation of mobility and have been in series production for more than ten years. They are precisely tailored to customer requirements and are fitted directly onto the cell combination. In addition to performing the functional tasks of voltage tapping, they also include voltage and temperature sensors, thus boasting a high degree of integration.

The machinery used in the series production of cell contact systems is fully automated and all processes are set up to meet the latest standards. The European start of production (SOP) for this order is scheduled for 2025 in Neuffen, Baden-Württemberg. This is to be followed by production and delivery for the Asian market. In the run-up to SOP, ElringKlinger will invest an amount in the double-digit million euro range in new production machinery and infrastructure measures.

Shanghai, China, Dettingen/Erms, Germany, April 18, 2023 +++ At this year's AUTO SHANGHAI, ElringKlinger is celebrating its 30th anniversary in China and will be showcasing various innovations from the fields of battery and fuel cell technology, lightweight construction as well as from its classic business areas relating to gasket technology at its exhibition booth (Hall 1.2, Booth 1BH008).

With its motto "#transformationpioneer", ElringKlinger underscores its early focus on alternative drive technologies as well as its good starting position for the ongoing transformation of the automotive and supplier industry. The company has built an intelligent product portfolio that is based on several pillars. "ElringKlinger is in an excellent position with regard to the megatrend of electromobility. We will be using one of the world's largest mobility platform to present our comprehensive portfolio," says Humphrey Chen, General Manager of  ElringKlinger China Ltd.

A range of zero-emission mobility products will be installed in a demonstrator vehicle, demonstrating the Group's leading position in providing solutions for current and future generations of vehicles.

ElringKlinger has made a name for itself in the field of battery technology in recent years. For example, the company supplied cell contact systems for the purely battery-electric BMW i3 vehicle. This key component takes over the current conduction as well as voltage and temperature monitoring. ElringKlinger has extensive knowledge in designing and manufacturing large plastic parts, so that we can offer cell contact systems also for cell-to-pack applications. At AUTO SHANGHAI the company will present a cell contact system for prismatic cells using a flexible printed circuit-based signal carrier.

ElringKlinger will also be presenting the ElroSafe_TM underbody shield for protecting the battery system, which is made of a thermoplastic sandwich material with glass fiber reinforcement.

The shielding system offers excellent impact behavior as well as thermal and acoustic insulation for battery systems of electric vehicles and ensures a high degree of strength and stiffness combined with low density.

In addition, components for electric drive units (EDU) are showcasted. In an EDU, seals and other components are used in various areas: Electric motor, gearbox and inverter. Different requirements necessiate different, high-end solutions. ElringKlinger offers an extensive portfolio in this segment that will be presented at AUTO SHANGHAI.

Innovative fuel cell technology from EKPO
In 2021 EKPO Fuel Cell Technologies (EKPO), the joint venture between ElringKlinger (60%) and Plastic Omnium (40%), was founded. The company now strengthens its hydrogen business in China more and more. EKPO installed a fuel cell test bench in its Suzhou test lab. A semi-automated fuel cell stack assembly line followed by the end of 2022. The first locally produced stack has already left the factory premises.

“We thus underline our ambitions on the Chinese market with product solutions for various applications. Both the test lab and the assembly line represent milestones in EKPO’s localization strategy in the Asian region, especially in China.” says Humphrey Chen, also General Manager of EKPO Fuel Cell (Suzhou) Co.,Ltd.

EKPO has further strengthened its commitment in China with the establishment of a Chinese subsidiary. Furthermore a joint investment and funding agreement was signed between EKPO and the local government.

At AUTO SHANGHAI EKPO showcases three differenct low temperature fuel cell stack modules (PEMFC) with integrated system functionalities.

The NM5-EVO fuel cell stack module consists of 335 cells and is based on metallic bipolar plates with an electric output of up to 76 kWel. This stack module ist designed for high volume automotive applications.

The NM12 Single fuel cell stack module consists of 359 cells and is based on metallic bipolar plates with an electric output of up to 123 kWel. This stack module ist designed for applications with high power requirements (>100 kW) in the automotive sector (passenger cars and light commercial vehicles).

The NM12 Twin fuel cell stack module consists of 598 cells (2 x 299 cells) and is based on metallic bipolar plates with an electric output of up to 205 kWel. This stack module is designed for applications with high power requirements (>150 kW) in the heavy duty sector.

China is a key market for ElringKlinger
This year ElringKlinger celebrates it 30th anniversary in China. In 1993 the founding of the joint venture, Changchun Elring Gaskets Co. Ltd. took place. ElringKlinger today operates four plants in China – Changchun, Suzhou, Qingdao and Chongqing – employing 1,400 employees and which account for sales of EUR 184 million in 2022.

“There is no doubt that China, the world's largest vehicle market, remains a key market for us. We are continuing to systematically pursue the strategy of strengthening our core businesses and growing in the area of alternative drive technologies, thereby precisely addressing trends and changes in mobility”, says Dr. Stefan Wolf, Global CEO of the ElringKlinger Group

ElringKlinger and EKPO @ AUTO SHANGHAI 2023 | Hall 1.2, Booth 1BH008

Press conference on April 19, 2023 | 2 PM

Dettingen/Erms (Germany), April 6, 2023 +++ The Supervisory Board and the Chairman of the Management Board (CEO) of ElringKlinger AG, Dr. Stefan Wolf, have agreed by mutual consent to terminate Dr. Wolf's contract as of June 30, 2023.

Dr. Wolf was with ElringKlinger AG for a total of 26 years, during which time he held the position of CEO for 17 years.

Klaus Eberhardt, Chairman of the Supervisory Board of ElringKlinger AG: "On behalf of the Supervisory Board, I would like to thank Dr. Stefan Wolf for his successful and long-standing track record at ElringKlinger AG. Of particular merit are his achievements in establishing and evolving the areas of fuel cell and battery technology, which he identified and promoted at an early stage and with great foresight as foundations for ElringKlinger AG in pursuit of the transformation currently taking place in the automobile and automotive supply industry. These are to be seen as key milestones for the company."

Dr. Wolf's duties will be performed on an interim basis by Mr. Thomas Jessulat, Chief Financial Officer, as from July 1, 2023. Mr. Jessulat will also temporarily assume the role of Spokesperson of the Management Board. At the same time, the Supervisory Board has begun the process of appointing a successor.

Dettingen/Erms, April 6, 2023 +++ he Supervisory Board of ElringKlinger AG (ISIN DE0007856023, WKN 785602) and Dr. Stefan Wolf have today agreed that Dr. Stefan Wolf will step down as Chairman of the Management Board (CEO) of ElringKlinger AG by mutual consent with effect from June 30, 2023. The Supervisory Board has initiated the search for a successor. Dr. Wolf's role will be performed by Thomas Jessulat (Chief Financial Officer) on an interim basis as Spokesperson of the Management Board.

The Supervisory Board of ElringKlinger AG has extended the contract of Chief Financial Officer Thomas Jessulat by a further five years. Thomas Jessulat has been a member of the Management Board since 2016.

Dettingen/Erms (Germany), March 31, 2023 +++ At its most recent meeting, held in March 2023, the Supervisory Board of ElringKlinger AG extended the contract of CFO Thomas Jessulat by a further five years until December 31, 2028. The current mandate ends on December 31, 2023.

Asked to comment, Klaus Eberhardt, Chairman of the Supervisory Board, said, "In extending the contract, we have acknowledged Thomas Jessulat's consistent performance. We look forward to continuing our successful and trusting partnership with Mr. Jessulat."

Thomas Jessulat, born in 1969, has been Chief Financial Officer of ElringKlinger AG since January 1, 2016. In addition to overseeing the finance departments Controlling, Financial Reporting, Treasury, and Financial Operations, he is responsible for the corporate units Digital Transformation, M&A and Innovations, Procurement & Supply Chain Management, and IT as well as the E-Mobility business units Battery Technology and Drivetrain Technology. Prior to his appointment to the Management Board, he had already held managerial positions within the ElringKlinger Group for over ten years.

For further information, please contact:
ElringKlinger AG   |   Strategic Communications
Dr. Jens Winter
Phone: +49 7123 724-88335   |   E-Mail: jens.winter[at]elringklinger.com