PRESS RELEASE : ElringKlinger secures IPCEI funding for innovative battery cell housing design

DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous 
ElringKlinger secures IPCEI funding for innovative battery cell housing design (news with additional features) 
2021-04-27 / 14:36 
The issuer is solely responsible for the content of this announcement. 
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PRESS RELEASE 
ElringKlinger secures IPCEI funding for innovative battery cell housing design 
  . The funding will enable ElringKlinger to develop innovative battery cell housing components and get them ready for 
    industrial-scale production 
  . The German Federal Ministry for Economic Affairs and Energy and the state of Baden-Württemberg will provide a total 
    of EUR 33.8 million by the end of 2026 
  . Dr. Stefan Wolf, CEO of ElringKlinger AG: "With our innovative battery cell housing design, we want to make a 
    lasting contribution toward climate-neutral battery cell manufacture in Europe." 
Dettingen/Erms (Germany), April 27, 2021 +++ ElringKlinger AG's project to develop innovative battery cell housing 
components and get them ready for industrial-scale production is to be funded by the German Federal Ministry for 
Economic Affairs and Energy (BMWi) and the state of Baden-Württemberg as part of the second European large-scale IPCEI 
(Important Project of Common European Interest) for battery technology. Thomas Bareiß, Parliamentary State Secretary at 
the BMWi, and Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs of the State of Baden-Württemberg, presented 
Dr. Stefan Wolf, CEO of ElringKlinger AG, with the official funding approval earlier today. The small-scale ceremony at 
the chamber of commerce and industry in Reutlingen was held behind closed doors due to the coronavirus pandemic, 
although the speeches, the presentation of the official approval, and the subsequent panel debate were live-streamed on 
the BMWi website for journalists and the general public. 
The second battery IPCEI, entitled "European Battery Innovation - EuBatIn," is being coordinated by Germany. It was 
approved by the European Commission in late January 2021, at the same time as the companies involved were also 
announced. All in all, twelve EU countries are providing up to EUR 2.9 billion in funding to develop a European value 
chain for battery production. ElringKlinger is one of only eleven German companies to obtain funding of this kind as 
part of the EuBatIn program. 
ElringKlinger's project is geared toward the development and industrial-scale production of innovative battery cell 
housing components and stands to receive a total of EUR 33.8 million in funding by the end of 2026. The innovative 
design of the cell lid allows fewer and less complex components to be used and reduces the need for energy-intensive 
raw materials such as aluminum and copper. The cell lid ensures that power is transmitted into and out of the cell via 
its poles. ElringKlinger's innovative concept means that up to a quarter of the components can be eliminated in full, 
reducing the amount of manufacturing work and materials required and thus shrinking the product's carbon footprint by 
around 40 percent. 
Dr. Stefan Wolf, CEO of ElringKlinger AG, comments: "In the project for which we've secured funding, we're putting our 
core skills such as forming and injection molding, coating technologies and toolmaking to targeted use in order to 
develop a battery cell housing design and manufacture it on an industrial scale. Building on the insights and 
experience we've gained, we not only want to harness the market potential for cell housings in Europe but also to make 
a lasting contribution to European climate-neutral battery cell production." 
Thomas Bareiß, Parliamentary State Secretary at the BMWi, adds: "With the battery IPCEIs, the battery value chain in 
Europe is continuing to take shape. As well as cell manufacture, however, it's also about components like battery 
housings or the production machinery for batteries. With its IPCEI project, ElringKlinger will be helping to create a 
competitive value chain for the European battery industry by developing an innovative cell housing design and getting 
it ready for industrial-scale production. A project like this is a source of pride: the company is opening up new areas 
of business, thus securing value creation and jobs in the region, particularly at this time of major technological 
change." 
Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs of the State of Baden-Württemberg, also underlines the 
importance of a battery industry: "Battery technology is a key technology for the future that will be absolutely 
indispensable in all areas of industrial value creation. We want to be covering around 30 percent of global demand for 
battery cells from German and European production by 2030. Baden-Württemberg is also to play a leading role in this 
area and adopt a vital position along the whole of the value chain. Thanks to ElringKlinger's IPCEI project, we're a 
big step closer to achieving this goal." 
In the battery technology segment, ElringKlinger's product range includes components such as cell contact systems, 
module connectors, and pressure equalizers. The Group has been manufacturing cell contact systems on an industrial 
scale for around ten years now. Besides components, ElringKlinger also offers high-performance prismatic and 
cylindrical modules as well as complete battery systems. Its first orders for series production are currently in the 
pre-production phase. 
 
For further information, please contact: 
ElringKlinger AG | Strategic Communications 
Dr. Jens Winter 
Max-Eyth-Straße 2 | D-72581 Dettingen/Erms 
Phone: [phone] | E-mail: [e-mail] 
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 10,000 people at 44 ElringKlinger Group locations around the globe. 
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Additional features: 
File: CEO Dr. Stefan Wolf receives the official IPCEI funding approval from the Parliamentary State Secretary in the 
Federal Ministry of Economic Affairs, Thomas Bareiß MdB, and the Minister of Economic Affairs of the State of 
Baden-Württemberg, Dr. Nicole Hoff 
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2021-04-27 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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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:       [e-mail] 
Internet:     www.elringklinger.de 
ISIN:         DE0007856023 
WKN:          785602 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange 
EQS News ID:  1188518 
 
End of News   DGAP News Service 
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1188518 2021-04-27

 
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April 27, 2021 08:37 ET (12:37 GMT)