from ABT SE
ABT SE develops innovative multi-level batteries with BAVERTIS and strengthens positioning in the field of alternative drives
EQS-News: ABT SE / Key word(s): Miscellaneous
ABT SE develops innovative multi-level batteries with BAVERTIS and strengthens positioning in the field of alternative drives
09.03.2023 / 10:08 CET/CEST
The issuer is solely responsible for the content of this announcement.
ABT SE develops innovative multi-level batteries with BAVERTIS and strengthens positioning in the field of alternative drives
Kempten, 09 March 2023 – The ABT Group, a leading internationally positioned technology-driven automotive company in the fields of eMobility and refinement with a strong brand, is stepping up its growth course in the field of alternative drives with the development of a new battery module for electric vehicles. In cooperation with the Munich-based startup BAVERTIS, the ABT Group subsidiary ABT e-Line is planning to develop high-performance, modular multi-level batteries. These are considered to be the next generation of energy storage and address the growing market for storage solutions in eMobility.
The innovative multi-level technology makes it possible to generate any AC or DC voltage directly from the battery. This is achieved by intelligently reconfiguring the battery cells several thousand times per second. Such multi-level batteries can be equipped with different cell technology and are characterised, among other things, by a superior performance, more efficiency, and a significantly higher failure safety than conventional batteries. In addition, significantly fewer components are needed.
ABT plans to develop together with BAVERTIS and other partners the multi-level battery modules and systems for its own products as well as to act as a supplier for the (automotive) industry.
As a system developer in this partnership, ABT can rely on decades of experience in battery development and the production of more than 4,300 electric vehicles in cooperation with the VW Group. The Munich-based start-up BAVERTIS has focused on the development of software-controlled battery ecosystems which enable the optimal use of energy storage in e-vehicles.
Hans-Jürgen Abt, CEO of ABT SE: "The most recent development partnership in the field of multi-level batteries underpins the innovative strength of the ABT Group. The Alternative Drives & e-Mobility division addresses a strongly growing future-proof market. With the development of novel, intelligent batteries for electric vehicles, we are positioning ourselves in this growth area and leverage our long-standing know-how in the field of eMobility."
About ABT SE
ABT is one of the oldest and at the same time most innovative automotive brands in Germany. Founded in 1896, ABT develops future-proof technologies for automotive groups, tier 1 suppliers and end customers. In this context, ABT is proactively contributing towards shaping global megatrends such as eMobility and individualisation. A broad technological positioning combined with speed, flexibility and experience from numerous successfully implemented customer projects make ABT the preferred partner in the automotive sector. ABT has taken on a pioneering role in eMobility and has built more than 4,300 electric vehicles, including the VW T6E van. ABT is also the world's largest refiner for VW Group vehicles and operates in over 60 countries. ABT thus stands for innovative technologies and a unique design. The world-class brand of the family-run, tradition-steeped company has benefited for decades from its successes in motorsport, which have made ABT one of the most competitive teams in Europe. The experience gained in racing flows into technological innovations which are transferred directly from the racetrack into the products.
Press contact:
edicto GmbH
Dr. Sönke Knop / Svenja Liebig
Email: ABT@edicto.de
Telephone: +49 (0) 69-90 55 05-56
09.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
1578679 09.03.2023 CET/CEST