EQS-News: Schaeffler AG: Schaeffler opens new development center in Kysuce: Think-tank for tomorrows mobility

• Schaeffler strengthens ability to innovate for the future of mobility with global network of 20 R&D centers
• Investment of 20 million euros in state-of-the-art development center and new testing and laboratory capacity
• Future-of-mobility development workforce in Kysuce to number 500 by 2025

Kysuce, Slovakia | June 29, 2023 | Schaeffler is expanding its global development activities for advanced mobility solutions. As part of this, the company has now opened a new state-of-the-art development center at its location in Kysuce, Slovakia. The center develops products and components for electromobility as well as chassis systems for applications such as automated driving. The global automotive and industrial supplier is also expanding its existing testing facility in Kysuce by adding new laboratory and testing equipment and test stations. The new development center and the testing facility upgrade together represent an investment of about 20 million euros for Schaeffler. The ability to innovate has never been more critical to our companys success, said Matthias Zink, CEO Automotive Technologies at Schaeffler AG. As a future-oriented technology company, Schaeffler is therefore investing heavily in research and development in Kysuce and worldwide.

Schaefflers Kysuce location has a workforce of about 4,300 people from 20 nations, more than 350 of whom work in development. The company aims to have as many as 500 developers working there on future mobility by 2025. To achieve this, Schaeffler is creating a range of new positions at the location, focusing in particular on partially and fully electrified drive technologies such as hybrid modules and electric axles. The Kysuce region is ideal for Schaeffler. It means we benefit from world-class universities and research institutions with relevant technological expertise and have access to Slovakias best and brightest development specialists, said Milan Jurky, the managing director in charge of Schaefflers campus in Kysuce.

Innovating for tomorrows mobility on the space the size of a football field
The newly built facilities comprise a floor area of around 8,000 square meters: 4,000 in the four-level development center plus another 4,000 for testing stations and equipment. Construction work on the new development center building began at the end of 2021, and now, one and a half years later, the first employees are moving in. The entire buildings design and fitout are geared towards New Work, with ultra-modern office equipment, dedicated communication, and collaboration zones, and gravity points where employees can network and share ideas. We are responding to todays increased need for flexible and digital collaboration, explained Milan Jurky. Were giving our people workspaces that are fit for the future.

The new center caters for a wide range of development activities for new products and customer-specific solutions. These activities include system and software development, simulation and testing, hardware design, and mechanical product design. The development centers specialists also undertake a comprehensive range of project management activities for international customers from the automotive industry. In the adjoining factory halls, Schaeffler assembles motor and transmission systems, an extensive array of bearings, actuator systems, components for electric axles and hybrid drives, and chassis actuators such as electromechanical active roll control systems. In all of this, the company is benefitting from tight integration of its development and manufacturing activities at the one location.

Kysuce: part of a strong global development network
The new development center in Kysuce is part of a powerful global network comprising around 8,000 employees at 20 research and development locations worldwide. At more than half of our development locations, we are working on future-ready electrified powertrain and mobility solutions and innovative chassis solutions for our customers worldwide, said Dr. Jochen Schröder, Schaefflers head of E-Mobility. The development centers for modern powertrain and mobility solutions include Wooster and Troy (USA), Puebla (Mexico), Bühl and Herzogenaurach (both in Germany), Szombathely (Hungary), Svitavy (Czech Republic), Pune (India), Seoul (South Korea), Yokohama (Japan), as well as Taicang and Changsha (China). Our strategy revolves around having a global development network with distinct local specialties and responsibilities. This global structure also means that we are always close to our customers and can respond swiftly to local needs and requirements, Schröder said.

Forward-looking statements and projections

Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

Schaeffler Group We pioneer motion

As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for more than 75 years. With innovative technologies, products, and services in the fields of CO-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable throughout the entire life cycle and beyond. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 84,000 employees, the Schaeffler Group is one of the worlds largest family-owned companies. With more than 1,250 patent applications in 2022, Schaeffler is Germanys fourth most innovative company according to the DPMA (German Patent and Trademark Office).

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