Börse Express – Rheinmetall expands e-mobility business

DÜSSELDORF (dpa-AFX) – In cooperation with a US start-up, the auto supplier and armaments company Rheinmetall wants to strengthen its business with electromobility. The MDax takes care of this-Group three quarters of the shares in a new joint venture with the capacitor manufacturer Polycharge, as Rheinmetall announced on Tuesday in Düsseldorf. In addition, the company is investing in the Americans with a stake of around 13 percent. It was also said that the price had not been disclosed.

The start-up Polycharge specializes in the development and production of capacitors. According to the announcement, their special NanoLam technology ensures better cooling and a longer service life for capacitors. The company has 15 employees at its headquarters in Tucson, Arizona. Sales are in the single-digit million range in US dollars, a Rheinmetall spokesman said on request.

According to Rheinmetall, the joint venture with Polycharge has the exclusive right to manufacture and market the special capacitors in Europe. The Düsseldorf-based group wants to use the cooperation to meet the increasing demand for components for e-mobility in the automotive supply and armaments sector./jcf/tav/jha/

 ISIN  DE0007030009

AXC0247 2022-01-11/14:40

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