John Deere is investing in electric propulsion with the announcement that it is funding an expansion of the company Kreisel Electric with regards to the company’s battery production capacity.
With a focus on moving towards electric propulsion, John Deere has announced that it will be investing in expanding Kreisel Electric’s battery production capacity to expand it to over 2GWh.
After announcing its acquisition of a majority stake in battery manufacturer Kreisel Electric in February, John Deere has now stated that it will invest in Kreisel’s production capacity to expand it to over 2GWh.
Kreisel, based in Rainbach im Mühlkreis in Austria, produces innovative battery technology for e-mobility and stationary systems.
To meet the demand for batteries as a sole- or hybrid-propulsion system, the funds from the investment will primarily be deployed within the mobile commercial and industrial solutions as well as the charging infrastructure division of Kreisel.
John Deere says that this strategic alignment with Kreisel will also serve as the cornerstone for the electrification of John Deere products.
In addition to the production facility in Austria, John Deere is making an immediate investment in two additional locations to increase the production capacity expansion of Kreisel Electric to over 2GWh.
This will begin with the opening of a new facility at the John Deere Saran factory in France, the primary manufacturing location for John Deere engines in the European Union. In parallel with this project, John Deere will also invest in battery assembly in the United States to support the growth of its customers and John Deere products.
“This investment will put a strong focus on the industrialisation and automation of the entire production process, as well as research and development capacities at Kreisel HQ in Rainbach,” John Deere electric power global director Jennifer Preston said.
“We are embarking toward a future with zero emissions propulsion and pursuing our sustainability goal to demonstrate viable low- and no-carbon alternative power solutions by 2026.”
By leveraging the established expertise at the Saran facility, Kreisel will have access to world-class supply chain management, manufacturing engineering, quality assurance, logistics coordination and cutting-edge automation solutions. The funds from the investment will primarily be deployed within the mobile commercial and industrial solutions as well as the charging infrastructure division of Kreisel.
“We welcome this strategic investment to help us answer the ever-increasing international demand for Kreisel battery technology,” Kreisel Electric managing director Markus Kreisel said.
“Now is the time for us to start running and demonstrate leadership in the pursuit of electrification.”
For more information on John Deere visit: www.deere.com