Schaeffler AG - Environmental & Social Information 2021

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Corporate | 26 March 2021 10:30

Schaeffler AG: Schaeffler helps commercial vehicles go electric

DGAP-News: Schaeffler AG / Key word(s): Incoming Orders

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 CO 2 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 CO 2 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 CO 2 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 NO x and CO 2 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 CO₂-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: [email protected]	Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 4440 email: [email protected]
Daniel Pokorny Head of Corporate Communications Future Trends Schaeffler Technologies AG & Co. KG, Herzogenaurach, Germany phone: +49 9132 82 88708 email: [email protected]	Daniel Györy Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 4440 email: [email protected]

26.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	Schaeffler AG
	Industriestr. 1-3
	91074 Herzogenaurach
	Germany
Phone:	09132 – 82 0
E-mail:	[email protected]
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