Minister-President Winfried Kretschmann visits ElringKlinger

EQS-News: ElringKlinger AG / Key word(s): Miscellaneous
Minister-President Winfried Kretschmann visits ElringKlinger

24.04.2024 / 15:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Minister-President Winfried Kretschmann visits ElringKlinger

* Tour of the competence center for battery technology in Neuffen

  * Intensive exchange with ElringKlinger CEO Thomas Jessulat on the
    transformation of the automotive and supplier industry

  * Symbolic groundbreaking ceremony for new logistics center at the Neuffen
    plant

Dettingen/Erms (Germany), April 24, 2024 +++ The Minister-President of
Baden-Württemberg, Winfried Kretschmann, visited ElringKlinger's
Dettingen/Erms and Neuffen plants today, where he personally discussed the
transformation of the automotive and supplier industry with ElringKlinger
CEO Thomas Jessulat. During a tour of the Neuffen plant, he experienced the
production of battery components. He then performed a symbolic
ground-breaking ceremony for the new logistics center.

During the discussion, ElringKlinger CEO Thomas Jessulat explained, among
other things, the company's strategy, which - like the entire automotive and
supplier industry - is in the midst of a far-reaching transformation.

In this regard, the CEO stated: 'ElringKlinger is in a good position. Our
traditional divisions form a stable backbone and enable us to make the
necessary investments in future technologies. At the same time, we are an
established partner in the field of battery technology, as demonstrated by
various large-scale orders for battery components. It will now be important
to press ahead quickly with the development of the necessary infrastructure
for both battery and fuel cell technology as an important prerequisite for
the success of future mobility. We are delighted that Minister-President
Kretschmann has informed himself in detail about ElringKlinger. By expanding
our Neuffen site, we are making a clear commitment to Germany and
Baden-Württemberg.'

Production of battery components has been ramping up in Neuffen since last
year. During a tour of the plant, the Minister-President experienced the
production of cell contacting systems for a global battery manufacturer.
Series production of cell contacting systems for the BMW Group's NEW CLASS
will start in 2025.

Minister-President Winfried Kretschmann emphasized: 'ElringKlinger is a
company that shows initiative - an important partner for the state and for
Europe. It is at the forefront of two mammoth EU projects, including with
its battery technology, for which construction is now underway in Neuffen.

The aim of the Future Technologies Competence Center is to become even
better, more sustainable, more durable and more cost-effective. I am very
pleased about the strong commitment to the location and to electromobility.
Good luck with the construction project and continued success for
ElringKlinger!'

Symbolic ground-breaking ceremony for new logistics center

Following the tour, the Minister-President, together with the ElringKlinger
Management Board and other project participants, performed the symbolic
ground-breaking ceremony for the construction of the new logistics center at
the Neuffen site. ElringKlinger is expanding its current production area by
around 4,500 square meters. With this expansion, ElringKlinger is increasing
its capacity in Neuffen for the strategic future field of battery technology
and making the site fit for further large-scale production of battery
components, modules and systems. In addition to ElringKlinger, the landlord
and owner, the Leuze Group based in Owen, is investing up to EUR 10 million
in the building extension.

For further information, please contact:

ElringKlinger AG
Dr. Jens Winter
Strategic Communications
Phone: +49 7123 724-88335
E-Mail: jens.winter@elringklinger.com

About ElringKlinger AG

As an independent supplier with global operations, 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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24.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:    1888549

End of News EQS News Service
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1888549 24.04.2024 CET/CEST