Joint Venture | April 2014
MOLL, the Upper Franconian medium-sized battery specialist and the leading Chinese battery manufacturer CHAOWEI, which is listed on the stock exchange, have announced their strategic cooperation. Over the next three years, several million euros will be invested in doubling the production capacity for modern car batteries at the company's headquarter in Bad Staffelstein. In addition, through the joint venture, MOLL and CHAOWEI are constructing large production capacities in China, so that they can supply important clients such as Volkswagen, Audi and others directly in China. "This partnership will create the conditions to allow a medium-sized family business to successfully meet the challenges of global economy", said Gertrud Moll-Möhrstedt, Managing Director and Partner of Akkumulatorenfabrik MOLL GmbH + Co. KG.
MOLL, the Upper Franconian family business, has achieved success on a national and international level with its successful development of its modern EFB starter battery for start-stop applications. With this battery, specially designed for the most demanding use in stop-start vehicles, MOLL is helping to sustainably reduce the fuel consumption and CO2 emissions of modern vehicles.