16.12.2021 ElringKlinger AG  DE0007856023

DGAP-News: ElringKlinger supplies prototypes of battery system for high-end sports car


DGAP-News: ElringKlinger AG / Key word(s): Incoming Orders
ElringKlinger supplies prototypes of battery system for high-end sports car

16.12.2021 / 13:58
The issuer is solely responsible for the content of this announcement.

ElringKlinger supplies prototypes of battery system for high-end sports car

  • ElringKlinger secures contract to develop and supply battery system prototypes for Piëch Engineering AG
  • Project to commence as early as end of 2021
  • Initial volume in the mid-single-digit million euro range

Dettingen/Erms (Germany), December 16, 2021 +++ ElringKlinger AG has been awarded a contract by Piëch Engineering AG in the field of battery technology. As part of this contract, ElringKlinger will develop and supply prototypes of a battery system for an all-electric sports car engineered by the Swiss-German manufacturer. In addition to the battery modules, the battery units also include the battery management system. Including development, supply, and testing, the project will initially cover a volume in the mid-single-digit million euro range and is scheduled to begin as early as the end of 2021.

"The contract illustrates that ElringKlinger's innovatory and performance capabilities in the field of battery technology have become a compelling proposition. After all, Piëch places the highest demands on the fully electric drive of its vehicles, which we are able to meet with our battery solutions," says Theo Becker, Chief Technology Officer at ElringKlinger AG. "The first stages of the project are now already being implemented. Our Center of Excellence in Neuffen provides the best possible prerequisites for the project."

The Piëch battery concept is based on a pack with over 400 pouch cells, which, in combination with the control unit, forms the core element of the system. One of the technical highlights of this concept is the ability to switch the voltage from 800 V to 400 V. Thus, charging can be performed on the basis of 800 V technology, while driving operations are based on a voltage of 400 V. In addition, the innovative battery technology enables a range of 500 km at a capacity of more than 70 kWh and achieves high charging rates by reaching 80% battery capacity in under five minutes.

Piëch Automotive is a Swiss sports car manufacturer with a development center in Memmingen, Germany. Piëch's engineers rely on a flexible, modular concept for the vehicle architecture as a basis for further variants. The Piëch GT2 is scheduled to be launched in 2024 as the first vehicle in a product family of three models.

ElringKlinger has been developing and producing components for lithium-ion batteries for various hybrid- and battery-electric vehicle models for a period spanning more than ten years. The company's expertise in development and series production in the field of battery technology covers battery systems and battery modules as well as components for batteries, such as cell contact systems, module connectors, cell covers, sealing systems, and pressure equalization systems.

For further information, please contact:
ElringKlinger AG | Strategic Communications
Dr. Jens Winter
Max-Eyth-Straße 2 | D-72581 Dettingen/Erms
Ph.: +49 7123 724-88335 | E-mail: [email protected]

About ElringKlinger AG
As an independent and globally positioned supplier, ElringKlinger is a powerful and reliable partner to the automotive industry. Be it passenger cars or commercial vehicles - equipped with combustion engine, hybrid technology, or all-electric unit -, we offer innovative solutions for all types of drive system. In doing so, we are making a committed contribution to sustainable mobility. Our 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. Developing cutting-edge battery and fuel cell technology as well as electric drive units, we were among the frontrunners when it came to positioning ourselves as a specialist in the field of e-mobility. At the same time, we are committed to steadily evolving our sealing technology for a range of applications. Our shielding systems are designed to ensure high-end temperature and acoustics management throughout the vehicle. Dynamic precision parts developed by ElringKlinger can be used in all types of drive system. Additionally, the Group's portfolio includes engineering services, tooling technology, and products made of high-performance plastics, which are also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of around 10,000 people at 45 ElringKlinger Group locations around the globe.

16.12.2021 Dissemination of a Corporate News, transmitted by DGAP - 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
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
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: 1258130

End of News DGAP News Service

1258130  16.12.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022
Umsatzerlöse1 1.557,44 1.664,04 1.699,00 1.727,03 1.480,44 1.624,39 1.798,43
EBITDA1,2 231,25 238,39 196,65 180,91 181,46 216,10 174,30
EBITDA-Marge3 14,85 14,33 11,57 10,48 12,26 13,30 9,69
EBIT1,4 135,59 137,32 96,18 61,23 27,74 102,03 -42,23
EBIT-Marge5 8,71 8,25 5,66 3,55 1,87 6,28 -2,35
Jahresüberschuss1 82,62 73,78 47,90 5,01 -39,98 54,56 -90,71
Netto-Marge6 5,30 4,43 2,82 0,29 -2,70 3,36 -5,04
Cashflow1,7 175,74 95,48 91,55 277,58 217,79 156,11 101,28
Ergebnis je Aktie8 1,24 1,10 0,69 0,06 -0,64 0,88 -1,41
Dividende8 0,50 0,50 0,00 0,00 0,00 0,15 0,15
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

WKN Kurs in € Einschätzung Börsenwert in Mio. €
785602 9,575 Kaufen 606,67
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,96 15,40 0,97 17,51
0,74 5,99 0,34 6,24
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
0,15 0,15 1,57 16.05.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.05.2023 03.08.2023 07.11.2023 28.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,28% 21,23% 37,67% 20,67%
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