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Press Release

ElringKlinger secures large-scale series production contract from BMW Group for cell contact systems

  • 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.

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ElringKlinger AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements

ElringKlinger AG / Preliminary announcement on the disclosure of financial statements
ElringKlinger AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements
02.05.2023 / 09:56 CET/CEST
Preliminary announcement of the publication of quarterly reports and quarterly/interim statements transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ElringKlinger AG hereby announces that the following financial reports shall be disclosed:

Report Type: Quarterly financial report within the 1st half-year (Q1)

Language: German
Date of disclosure: May 09, 2023
Address: https://elringklinger.de/investor/2023-q1-de.pdf

Language: English
Date of disclosure: May 09, 2023
Address: https://elringklinger.de/investor/2023-q1-en.pdf


02.05.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com



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Press Release

ElringKlinger celebrates its 30th anniversary in China with innovations for all drive types

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 ElroSafeTM 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

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Press Release

Dr. Stefan Wolf set to leave ElringKlinger at the end of June 2023

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.

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Ad-Hoc-Release

ElringKlinger AG: CEO of ElringKlinger AG set to leave the Management Board

ElringKlinger AG / Key word(s): Personnel
ElringKlinger AG: CEO of ElringKlinger AG set to leave the Management Board

06-Apr-2023 / 13:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


CEO of ElringKlinger AG set to leave the Management Board

Dettingen/Erms, April 6, 2023 +++ The 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.

 

For further information, please contact:
ElringKlinger AG   |   Strategic Communications
Dr. Jens Winter
Fon: +49 7123 724-88335   |   E-mail: jens.winter@elringklinger.com

 

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to its customers – with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of around 9,500 people at 46 ElringKlinger Group locations around the globe.



End of Inside Information

06-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com



 

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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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