MAHLE Invests in R&D for Zero-Emissions Technologies

MAHLE Invests in R&D for Zero-Emissions Technologies

A loan of €300 million will help accelerate vehicle electrification and the decarbonization of road traffic.

MAHLE announced the European Investment Bank (EIB) is supporting its research and development efforts with a loan of €300 million to accelerate vehicle electrification and the decarbonization of road traffic. The projects include investments in eco-friendly technologies such as electric motor and battery components, thermal management, cooling and air quality systems, hydrogen and fuel cell components as well as power electronics and traction motors, the company says.

MAHLE will carry out research and development activities in Germany and seven other EU countries. 

MAHLE says it is working on the climate-neutral mobility of tomorrow with a focus on the strategic fields of electromobility and thermal management as well as other technology areas for reducing CO2 emissions, for example fuel cells and highly efficient combustion engines that run on e-fuels or hydrogen. The group already generates over 60 percent of its sales independently of the passenger car internal combustion engine. By 2030, this share is set to increase to 75 percent. 

According to its lending criteria, the EIB is able to finance a meaningful amount of MAHLE`s research and development projects as the company’s investments in sustainable technologies aim to significantly reduce the carbon footprint of mobility. 

“Taking responsibility is part of MAHLE`s DNA as a foundation-based company, says Michael Frick, MAHLE’s chairman of the management board (ad interim) and CFO. “We see the Paris climate agreement as a binding mandate to minimize emissions caused by road traffic. Through investments in zero-emissions technologies, we are accelerating the transition to a reduced carbon footprint, helping to make individual mobility more efficient, more sustainable, and therefore more environmentally compatible.” 

You May Also Like

J.D. Power Acquires EV Data Company

The ZappyRide acquisition is part of the J.D. Power E-Vision initiative, a new program focused on maximizing the company’s EV data, analytics, insights and solutions.

J.D. Power, a global provider of data analytics and consumer intelligence, has announced the completion of its purchase of ZappyRide, an electric vehicle (EV) data company that builds white-label software and tools for automotive original equipment manufacturers (OEMs), electric utilities and other greentech stakeholders. According to J.D. Power, ZappyRide is uniquely positioned to deliver a comprehensive range of software and services that include strategic planning for electrification programs, consumer shopping and cost analysis tools, regional and federal incentive data and EV program administration resources. The company said the deal complements J.D. Power’s strengths in both automotive and utilities customer intelligence and analytics.

VinFast, NXP Collaborate On Developing Smart Electric Vehicles

VinFast seeks to leverage NXP’s processors, semiconductors and sensors.

ElectraMeccanica Teams Up With AZ Super Bowl Host Committee

Vehicles were presented to the committee at a kick-off media event.

Timken Provides Engineered Bearings for Ford’s F-150 EV

Timken began providing the wheel bearings for the F-150 Lightning in April 2022.

XL Fleet Acquired by The Shyft Group

The deal includes XL Fleet’s Wixom, Michigan, facility and a Department of Defense (DOD) pilot development agreement.

Other Posts

What’s Being Discussed at HDAD 2023? 

Heavy Duty Aftermarket Dialogue (HDAD), hosted by MEMA and MacKay & Co., opens up Heavy Duty Aftermarket Week.

Deloitte: Affordability Slows the Road to Electrification

Concerns about cost and trust still impact advancement.

Lightning eMotors Launches Online Fleet Planner

Fleet managers can input key fleet details to receive operating cost analysis, carbon reduction info and recommendations.

DOE Puts $74M Toward 10 EV Battery Recycling Projects

The funding will be used for 10 projects to advance technologies and processes for EV battery recycling and reuse.