Feintool wins major contract with European automobile electric main drive manufacturer
Ad hoc announcement pursuant to Art. 53 LR
Feintool has won a substantial contract to supply rotors and stators (the main components of electric motors) to a new key customer. The multi-year contract for this renowned European OEM involves a lifetime volume in the triple-digit million Euro range. This success illustrates the importance of Feintool's strategy which focuses on electrification.
Feintool has received a multi-year contract from a renowned European original equipment manufacturer (OEM). The contract includes the delivery of stators and rotors used in the manufacturing of electric main drives for electric vehicles and has a lifetime volume in the triple-digit million Euro range.
Feintool's innovative and patented adhesive packaging connection (glulock HT) will also be used in production. With its optimized mechanical and electromagnetic properties, it is ideally suited to the requirements of the next generation of electric vehicle drives. Glulock HT helps to increase the efficiency of the electric motor and thus the driving range of the vehicle.
From the first quarter of 2025, the drive components will be produced in one of Feintool's new plants in the Stamping business unit in Germany. The components from Feintool will form the heart of the car manufacturer's latest generation of electric motors.
Knut Zimmer, CEO of the Feintool Group, is delighted: “With this contract, we are expanding our customer base with another well-known OEM for electrically powered passenger cars, and we are further establishing our market position as one of the leading manufacturers of rotors and stators in Europe. It confirms Feintool's growth trajectory in the field of electromobility, which was set by the acquisition of the Kienle + Spiess Group at the beginning of 2022.”