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08 Jun
08:27

Fuchs Group enters the battery market

German lubricants supplier Fuchs says that it is entering the battery market. The company has acquired a 28% share in E-Lyte Innovations, a producer of liquid electrolytes for high-performance batteries in the industrial and automotive sectors, Kallanish notes. The purchase agreement also opens up the possibility of acquiring further shares on a step-by-step basis over time, Fuchs explains. "We are setting foot on new terrain outside the classic applications …
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