DGAP-News: Schaeffler AG / Key word(s): Incoming Orders
Schaeffler AG: Schaeffler helps commercial vehicles go electric

26.03.2021 / 10:30
The issuer is solely responsible for the content of this announcement.


Schaeffler helps commercial vehicles go electric
 

- New volume production orders for electric motors and hybrid modules for trucks highlight success of electric mobility strategy

- Schaeffler also helping its commercial vehicle customers meet CO2 and pollution reduction targets through electrification

- Matthias Zink: "We are bringing our considerable systems expertise in the field of commercial vehicles for shaping how the world moves."


Herzogenaurach | March 26, 2021 | Automotive and industrial supplier Schaeffler is expanding its range of powertrain electrification solutions for commercial vehicles, making another key contribution to meeting climate and sustainability targets amid a global tightening of pollution and CO2 restrictions. "The commercial vehicle sector is facing major challenges," says Matthias Zink, CEO Automotive Technologies at Schaeffler AG. "We are bringing our considerable systems expertise in the field of commercial vehicles for shaping how the world moves. The fact that we won two major contracts recently shows that we are on track to being a preferred technology partner for our customers in this sector."


Nominations for electric motors and hybrid modules
Schaeffler has secured a volume production order to supply electric motors to a key manufacturer in the commercial vehicle sector, starting in 2023. The 800 V motor, used in pairs in battery-powered vehicles, delivers a maximum continuous output of 180 kW and generates a maximum torque of 950 Nm. It also features rod wave winding technology, an innovation that makes installation less complex and increases power density. The motor plays an important role in the electrification of commercial vehicles and thus contributes to a marked reduction in CO2 emissions.

Schaeffler has also secured a volume production order for hybrid modules. Featuring the highly efficient P1 architecture, these modules enable the recovery of braking energy. The energy recovered is then used to power on-board systems, especially new exhaust gas treatment systems, thereby helping vehicle fleets to meet NOx and CO2 reduction targets. The start of production is scheduled for 2024.

Dr. Jochen Schröder, President of the E-Mobility business division, says: "We have positioned our electric mobility business very effectively. Schaeffler offers solutions for all powertrain electrification options, from 48 V hybrid to plug-in hybrid to full electric. All development and production of our components and systems can take place in-house, which puts us in an ideal position to partner our customers in these diverse markets."


Schaeffler drives responsibility
For the Schaeffler Group, sustainable success in business means being environmentally and socially responsible. Sustainability is a driving factor in the ongoing development of the global automotive and industrial supplier's corporate strategy. It is also a fundamental part of the Roadmap 2025 blueprint for strengthening the group's ability to realize future opportunities.

 

Schaeffler Group - We pioneer motion
As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services for CO?-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,300 employees, Schaeffler is one of the world's largest family companies. With more than 1,900 patent applications in 2020, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office).


Contacts

Dr. Axel Lüdeke
Communications & Public Affairs
Schaeffler AG, Herzogenaurach, Germany

phone: +49 9132 82 8901
email:axel.luedeke@schaeffler.com
Renata Casaro
Head of Investor Relations
Schaeffler AG, Herzogenaurach, Germany

phone: +49 9132 82 4440
email: ir@schaeffler.com

Daniel Pokorny
Head of Corporate Communications Future Trends
Schaeffler Technologies AG & Co. KG, Herzogenaurach, Germany

phone: +49 9132 82 88708
email: daniel.pokorny@schaeffler.com

Daniel Györy
Investor Relations
Schaeffler AG, Herzogenaurach, Germany

phone: +49 9132 82 4440
email: ir@schaeffler.com


26.03.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Schaeffler AG
Industriestr. 1-3
91074 Herzogenaurach
Germany
Phone: 09132 - 82 0
E-mail: ir@schaeffler.com
Internet: www.schaeffler.com
ISIN: DE000SHA0159
WKN: SHA015
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1178838

 
End of News DGAP News Service

1178838  26.03.2021 

fncls.ssp?fn=show_t_gif&application_id=1178838&application_name=news&site_id=zonebourse_sftp