FUCHS SE / DE000A3E5D64
16.09.2024 - 16:47:15FUCHS and E-Lyte open the first German production plant for electrolyte solutions in Kaiserslautern
| FUCHS SE / Key word(s): Alliance (news with additional features) 16.09.2024 / 16:47 CET/CEST The issuer is solely responsible for the content of this announcement. On September 13, 2024, the first German production plant for electrolyte solutions was officially opened at the FUCHS site in Kaiserslautern. With a production volume of up to 20,000 tons of electrolyte per year, E-Lyte Innovations GmbH is setting a significant milestone in the production of high-performance electrolytes for lithium-ion batteries, sodium-ion batteries and supercapacitors. A large part of this production is made directly available to the market for battery electric vehicles. In May 2022, the FUCHS Group, which operates globally in the lubricants industry, acquired 28% of the shares in E-Lyte Innovations GmbH. With this investment, FUCHS has entered the fast-growing market for electrolytes, which are becoming increasingly important as an essential component of lithium-ion batteries for e-mobility, among other things, especially in Europe. By implementing this project, E-Lyte has established itself as the first German company to be able to offer the European battery market one of the most important components from European production. Together, the strategic partners have created the necessary production infrastructure in Kaiserslautern to enable E-Lyte to industrialize, scale up and grow further. The production plant is not only one of the most modern of its kind, but also revolutionizes the process of electrolyte production. The highly automated system controls the supply of raw materials precisely and cleanly. Thanks to this efficient system, significantly fewer solvents are required for cleaning, which not only significantly reduces production costs but also the waste produced. This makes the entire process more sustainable and environmentally friendly - one reason why the construction of the plant was funded by the German Environmental Innovation Programme. “With this cooperation, we wanted to break new ground in the field of new mobility,” says CEO Stefan Fuchs, explaining his company's motives for the strategic partnership. “With E-Lyte, we have expanded our field of expertise and entered the battery market - a new area outside of traditional lubricants. With our expertise in the field of lubricants and functional fluids, we can now cover the entire demand along the life cycle of a battery.” The FUCHS CEO was particularly impressed by the speed with which E-Lyte has developed from a German start-up to a major European player in the battery market: “We are proud to have supported the development of this state-of-the-art production plant for customized electrolytes as a strong partner with process and production expertise.” It is great that this pioneering role has also been recognized by the nomination for the German Entrepreneur Award. E-Lyte is one of the top 3 finalists in the “Rising Star” category; the award ceremony will take place on September 24, 2024 at the ZDF Capital Studio in Berlin. Mannheim, September 16, 2024 FUCHS SE Public Relations Einsteinstraße 11 68169 Mannheim Telefon +49 621 3802-1104 E-Mail: tina.vogel@fuchs.com The following information can be accessed via the Internet: Image and video material: https://www.fuchs.com/gb-en/photo-gallery/ Additional information First international conference on fluids in batteries: Solutions & Fluids for Batteries Conference (SFBC) on September 12, 2024 in Kaiserslautern - As part of the opening of the new production plant for electrolyte solutions, the world's first specialist conference dealing exclusively with fluids in and around batteries took place in Kaiserslautern on September 12, 2024. The “Solutions & Fluids for Batteries Conference” (SFBC) was organized by the FUCHS subsidiary FUCHS LUBRICANTS GERMANY GmbH and E-Lyte Innovations GmbH. Around 120 participants benefited from the presentations, which dealt with electrolytes and fluids for innovative energy storage solutions and aimed to shed light on the role of these important components in the energy transition. About FUCHS Founded in 1931 as a family business in Mannheim, FUCHS is now the world's largest independent supplier of innovative lubrication solutions, covering almost every industry and application. Today, the company's 6,200 employees in over 50 countries still share the same goal: to keep the world moving both sustainably and efficiently. To live up to this claim, we think in terms of perfection, not merely standards. When developing individual solutions, we enter into an intensive customer dialogue – acting as an experienced consultant, innovative problem solver and reliable team partner. In 2023, the high-tech company generated revenue of EUR 3.5 billion with 33 production sites and 55 operating companies. Additional features: File: E-Lyte Opening Ceremony - Stefan Fuchs - CEO FUCHS SE, Ralf Wagner - CEO E-Lyte, Beate Kimmel - Mayor of Kaiserslautern, Ingo Höllein - Head of Division Battery Research BMBF File: Ralf Wagner, CEO E-Lyte, Stefan Fuchs, CEO FUCHS File: Stefan Fuchs 16.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | FUCHS SE |
| Einsteinstraße 11 | |
| 68169 Mannheim | |
| Germany | |
| Phone: | +49 (0)621 / 3802-0 |
| Fax: | +49 (0)621 / 3802-7190 |
| E-mail: | ir@fuchs.com |
| Internet: | www.fuchs.com/gruppe |
| ISIN: | DE000A3E5D64, DE000A3E5D56 |
| WKN: | A3E5D6, A3E5D5 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
| EQS News ID: | 1988849 |
| End of News | EQS News Service |
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