25.05.2022 - 12:00
// Company
FUCHS strengthens e-mobility business and enters the battery market
The FUCHS Group, which operates globally in the lubricants industry, has taken over 28 percent of the shares in E-Lyte Innovations GmbH. This young company develops and produces groundbreaking liquid electrolytes for high-performance batteries in the industrial and automotive sectors. "We are setting foot on new terrain outside the classic applications for lubricants. The world is changing rapidly and we don’t just want to keep pace, we want to actively meet the future: by entering a very exciting, globally fast-growing market with significant business potential," comments Stefan Fuchs, Chairman of the Executive Board, explaining the reasons behind the recent investment.
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