Archive For: Chairman Newsletters

The Lithium Age Has Only Just Begun

Dear Friends & Shareholders,

Our lives are becoming increasingly electrified. Herbert Schein, the head of Varta, a battery manufacturer, said recently in a newspaper interview that lithium-ion batteries are only at the beginning of a big boom. He believes …

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Europe is being Electrified

Dear Friends & Shareholders,

So far, around 85% of battery cells for electric cars are produced in Asia. Only 3% originate in Europe. As European car manufacturers begin mass production of electric cars, this makes little sense. Transporting the …

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