ElringKlinger to open new Battery Center in the USA

EQS-News: ElringKlinger AG / Key word(s): Miscellaneous
ElringKlinger to open new Battery Center in the USA

25.06.2024 / 11:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

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ElringKlinger to open new Battery Center in the USA

Dettingen/Erms, June 25, 2024 +++ ElringKlinger opens a new Group site in
Easley in Pickens County in the northwest of the US state of South Carolina.
Thomas Jessulat, CEO of ElringKlinger AG, met the Governor of the US state,
Henry McMaster, on Monday evening to discuss the current status of plans for
the site. ElringKlinger will primarily manufacture battery technology
products at the new facility and plans to develop the site into a battery
hub for its activities on the American market.

CEO Thomas Jessulat commented: "The new site is the next step for
ElringKlinger in the implementation of its SHAPE30 transformation strategy.
The American market generally offers great potential for e-mobility
applications, and we have already received a first high-volume series
nomination. When it comes to unlocking this potential, the US state of South
Carolina is an optimal starting point for the establishment of the Group's
Battery Center Americas, as yesterday's talks with Governor McMaster once
again underlined."

ElringKlinger will initially manufacture cell contacting systems in Pickens
County for a launching customer. In the first stage, the center will cover
an area of 21,000 m² with additional expansion space. Over the coming years,
the site will gradually be expanded to become ElringKlinger's battery center
for the American market. Operations at the new site are scheduled to
commence in mid-2025.

Pickens County, with Easley as its largest city, is centrally located on the
axis between Atlanta, GA, and Charlotte, NC, in the northwest of the US
state of South Carolina. Automotive hubs are in the immediate vicinity.
Renowned universities such as the Clemson University ensure a high level of
qualification in the regional labor market, especially in the technical
field.

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

About ElringKlinger AG

As an independent supplier operating worldwide, the ElringKlinger Group has
established itself as a powerful and trusted partner to the automotive
industry - acknowledged for its exceptional depth of expertise.

Our product portfolio encompasses innovative solutions for passenger cars
and commercial vehicles powered by electric motors, hybrid technology, or
combustion engines. Alongside the powertrain, other areas of application
include the underbody, chassis, braking system, interior, and vehicle body.
We were among the frontrunners when it came to positioning ourselves as a
specialist in the field of e-mobility - with pioneering battery and fuel
cell technology, electric drive units, and associated components and
assemblies, such as plastic housings, and punched and formed metal parts.

Customized lightweight components engineered by ElringKlinger can be used
throughout the entire vehicle; they deliver tangible benefits in terms of
weight reduction, efficiency, and functional integration, especially in
e-mobility applications.

We offer specifically adapted sealing systems, thermal, and acoustic
shielding parts, and dynamic drive components for a wide range of
applications and for any type of drive technology. Additionally, we serve
the aftermarket in more than 140 countries with an extensive range of spare
parts.

This is complemented by state-of-the-art tooling technology and products
made from high-performance plastics - tailored to the requirements of the
automotive industry and other sectors. Building on our excellence in the
field of components and systems, we are also maintaining our forward
momentum in the non-automotive sector.

These efforts are supported by a dedicated workforce of around 9,600 people
employed within the ElringKlinger Group. Operating at more than 40 sites
worldwide, ElringKlinger has established a global presence and is closely
aligned with its customers in all major automotive regions.


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25.06.2024 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.

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   Language:       English
   Company:        ElringKlinger AG
                   Max-Eyth-Straße 2
                   72581 Dettingen/Erms
                   Germany
   Phone:          071 23 / 724-0
   Fax:            071 23 / 724-9006
   E-mail:         jens.winter@elringklinger.com
   Internet:       www.elringklinger.de
   ISIN:           DE0007856023
   WKN:            785602
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Stuttgart; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Hamburg, Hanover, Munich, Tradegate
                   Exchange
   EQS News ID:    1932511

End of News EQS News Service
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1932511 25.06.2024 CET/CEST