Rheinmetall AG and PolyCharge America announced the formation of Rheinmetall PolyCharge, GmbH for the production, development, and marketing of NanoLam DC-Link capacitors in Europe. The JV is responsible for the commercialization of all NanoLam products within Europe and is in the planning stages to build a NanoLam plant within the region. Rheinmetall's decision to enter the capacitor market was driven by the growing demand for DC-link capacitors for automotive inverters.