Kelley Blue Book Digital Solutions Help Dealers Achieve Greater Efficiencies Without Sacrificing Profitability

IRVINE, Calif., Jan. 28, 2021 /PRNewswire/ — Kelley Blue Book, the No. 1 most trusted third-party automotive resource, is leaning into the first-ever virtual NADA with enhanced digital solutions that offer consumers a more seamless trade-in, car-buying, and owning experience while helping to ensure dealerships achieve greater efficiencies without sacrificing profitability. Kelley Blue Book’s newest offerings featured at NADA 2021 include…

IRVINE, Calif., Jan. 28, 2021 /PRNewswire/ — Kelley Blue Book, the No. 1 most trusted third-party automotive resource, is leaning into the first-ever virtual NADA with enhanced digital solutions that offer consumers a more seamless trade-in, car-buying, and owning experience while helping to ensure dealerships achieve greater efficiencies without sacrificing profitability. Kelley Blue Book’s newest offerings featured at NADA 2021 include Kelley Blue Book® Instant Cash Offer Buying Signals and Featured Auto Repair Center.

«Last year was full of unexpected challenges and, ultimately, accelerated innovation. We are eager to maintain that momentum through our latest digital solutions,» said Randy Kobat, vice president of operations for Inventory Management Solutions at Cox Automotive. «And while some of 2020’s problems are rolling into 2021, acquiring profitable inventory and understanding consumers’ intent to purchase shouldn’t be negatively impacting your business by not knowing more about the consumers coming to your store.»

Kelley Blue Book® Instant Cash Offer Buying Signals Kelley Blue Book builds on its existing Instant Cash Offer tool to tap into data-driven insights to help unlock the full potential of dealerships’ Instant Cash Offers to customers. The industry-leading tool analyzes customer shopping behavior data from across Cox Automotive data sources to provide a more complete picture of the consumer, allowing for a more targeted approach to offers, and an understanding of their vehicle shopping preferences and purchase timeline without having to manually dig through data. In fact, Kelley Blue Book Instant Cash Offer leads with Buying Signals had a transaction completion rate nearly 24% better than leads without Buying Signals, whether the vehicle was sold through Instant Cash Offer or elsewhere, from July through October 2020.1

«When a dealership starts the conversation knowing where customers are in their buying journey, they are taking a targeted approach to leads while providing a personalized customer experience,» said Kobat. «These actionable insights enable better engagement with consumers and a data-driven way to acquire profitable inventory.»

Kelley Blue Book Instant Cash Offer Buying Signals appear alongside the Instant Cash Offer within the Dealer Admin Tool and shoppers are tagged according to their purchase timeline, including «Casually Browsing,» «Actively Shopping,» and «Ready to Buy.» Plus, dealerships see shopping preferences like the year, make, model, mileage, and more.

«As an Instant Cash Offer client for many years, this tool has become a vital piece of our inventory acquisition process. Leveraging the data and information from one of the most trusted brands in the automotive market has helped us own more cars for less,» said Jonathan Hakes, used vehicle inventory director at Dorschel VW. «With new functionality from Kelley Blue Book’s Instant Cash Offer Buying Signals, we are eager to take our data-driven approach to the next level. The more we know about a customer, the better the experience we can deliver and make the most of that opportunity.»

Kelley Blue Book® Featured Auto Repair Center allows franchise dealers to turn KBB.com’s millions of service-ready consumer visits per month into new business. In fact, 63% of service customers coming from KBB.com are new to participating dealerships.2 Consumers are increasingly looking for guidance on key maintenance, repair, and recall questions, including pricing. The Service and Repair Guide on KBB.com provides consumers with the trusted information they need to make confident decisions about their vehicles and connects them with Featured Auto Repair Center dealerships that can do the work. Also, Kelley Blue Book’s Fair Repair Range guides owners on service and repair price ranges based on regionalized service pricing.

If dealerships are looking to protect their market share and beat out local competition, as a Premium Featured Auto Repair Center dealer, dealerships can claim brand-exclusive placement on KBB.com’s Service and Repair Guide for their area, making it the first listing consumers see when searching for dealerships to service their vehicles.

The 2021 NADA Show will be held via a virtual experience February 9-11, 2021. To learn more about Kelley Blue Book Instant Cash Offer Buying Signals, visit https://b2b.kbb.com/ico/buying-signals/. To learn more about Featured Auto Repair Center, visit https://b2b.kbb.com/featured-auto-repair-center/.

About Kelley Blue Book (www.kbb.com) 

Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand. 

About Cox Automotive

Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com

1 Cox Automotive Data Analysis, July-October 2020

2 Xtime Product Analytics Data Average 9/16/19-11/30/20

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SOURCE Kelley Blue Book

Leading Corporate Citizen Hormel Foods Announces It Will Match 100 Percent of its Global Energy Use with Renewable Sourcing and Establish Science Based Targets for the Reduction of Greenhouse Gas Emissions

AUSTIN, Minn., Jan. 28, 2021 /PRNewswire/ — Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced its new set of leading environmental sustainability goals, which are part of the company’s 20 By 30 Challenge. In continuing with its corporate responsibility leadership, the company will strive to achieve 20 corporate responsibility goals by 2030 and will report its progress annually. The company’s new goals follow its previous set of sustainability goals in which…

AUSTIN, Minn., Jan. 28, 2021 /PRNewswire/ — Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced its new set of leading environmental sustainability goals, which are part of the company’s 20 By 30 Challenge. In continuing with its corporate responsibility leadership, the company will strive to achieve 20 corporate responsibility goals by 2030 and will report its progress annually. The company’s new goals follow its previous set of sustainability goals in which the company achieved significant reductions in its packaging, nonrenewable energy use, greenhouse gas emissions, water use and solid waste sent to landfills.

The company’s new environmental sustainability goals include:

– Matching 100 percent of its global energy use with renewable sourcing.

– Establishing important science based greenhouse gas emissions reduction targets by 2023.

– Taking action across its supply chain to improve water quality, including the support of regenerative agriculture initiatives.

«For nearly 130 years, Hormel Foods has continued to showcase its citizenship and stewardship by using its size and resources to make a difference. From sustainable packaging initiatives to water and energy stewardship, our global team of inspired people is committed to making lasting and measurable progress in protecting our natural resources,» said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. «We know that good business and good stewardship go hand in hand, and these goals are designed to enable improvements that will ultimately make our food supply better for us all.»

«Our worldwide team of professionals and supply chain partners are ready to step up to the challenge to help us achieve these important sustainability goals,» said Mark Coffey, senior vice president of supply chain and manufacturing at Hormel Foods. «Together, we will deliver results that will make a significant contribution toward the reduction of greenhouse gas emissions, improvement of water quality and the continued advancement of sustainable agriculture practices in our supply chain.»

Hormel Foods continues to receive recognition for its corporate responsibility efforts and performance, including being named one of the 100 Best Corporate Citizens for 12 years in a row by 3BL Media and one of America’s Most Responsible Companies by Newsweek magazine for two consecutive years, in addition to many others.

Hormel Foods will release additional goals that are part of its 20 By 30 Challenge in future announcements, which will include goals surrounding education, community support and food security. More information about the company’s efforts can be found at https://csr.hormelfoods.com/ and https://www.hormelfoods.com/responsibility/.

ABOUT HORMEL FOODS — Inspired People. Inspired Food.™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the «Global 2000 World’s Best Employers» list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s «The 100 Best Corporate Citizens» list for the 12th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world’s most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.

Contact:
Kelly Braaten
507-434-6352
media@hormel.com

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SOURCE Hormel Foods Corporation

Electric Acceleration Tech leader makes social responsibility vision a reality

– Xledger introduces EVs to its UK fleet

– The move was supported by Synergy Car Leasing

– DRIVE’s ODO platform underpinning Xledger transition to EVs

LONDON, Jan. 28, 2021 /PRNewswire/ — DRIVE Software Solutions («DRIVE»), a leading provider of fleet management technology, is pleased to announce that it is supporting Xledger UK in optimising its management of a greener fleet of vehicles. The move to DRIVE’s…

– Xledger introduces EVs to its UK fleet

– The move was supported by Synergy Car Leasing

– DRIVE’s ODO platform underpinning Xledger transition to EVs

LONDON, Jan. 28, 2021 /PRNewswire/ — DRIVE Software Solutions («DRIVE»), a leading provider of fleet management technology, is pleased to announce that it is supporting Xledger UK in optimising its management of a greener fleet of vehicles. The move to DRIVE’s ODO platform was facilitated by Synergy Car Leasing («Synergy») which has been a customer of DRIVE’s for almost a year and provides Xledger UK with their vehicle and fleet management solutions.

DRIVE Software Solutions Ltd. Logo

Xledger is a leading provider of cloud-based finance software. With four global offices, Xledger help 10,000 organisations in 60 countries streamline, digitise and automate their finances. They have  recently been classified as a Major Player in IDC’s Market Overview: Worldwide SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications 2020. Xledger is passionate about the role of digital transformation for the environment and is proud to be driving more sustainable futures for workplaces around the world. An effort which includes implementing a green fleet of vehicles for its employees.  https://xledger.com/uk

Synergy Car Leasing is  recognised as the fastest growing vehicle Leasing Broker in its class (2019 – 2020) by the Leasing Broker Federation. . As a component of its targeted growth in the provision of Fleet Management services to its customer base Synergy has adopted the DRIVE ODO system. This will facilitate its management of customer’s fleets and the transition to EV.  https://www.synergycarleasing.co.uk/

Paul Parkinson, CEO and founder of Synergy Car commented;

«Xledger are a great example of an innovative tech business who don’t just talk about their social responsibilities, but who implement practical steps to reduce their impact on the environment. The introduction of EVs to their corporate vehicle fleet is just one example of their commitment.  We have partnered with DRIVE in providing ODO to our customers, like Xledger, to ensure that we are able to effectively, and efficiently, manage their transition to a greener fleet. ODO gives us the visibility and automation to ensure that our customer’s fleet is compliant, cost efficient and green.»

Robert Gorby, Chief Commercial Officer at DRIVE, added;

«In the current environment, adapting to new locations, ways of working there and doing it all in a way which reduces our impact on the planet could become the abiding theme of the new decade. Which vehicles and for what purpose are likely to be key questions. ODO provides answers, enabling both parties to understand the demands of the new world and, therefore, manage it more effectively.»

For more information, please visit www.ododrive.com   

About DRIVE Software Solutions

Drive Software Solutions’ developed technologies are responsible for the management of 1.5 million vehicles in 55 countries around the world. From bespoke software platforms and consultancy for individual corporates to ODO, our cloud delivered solution for fleet management, DRIVE is at the forefront of the automotive mobility sector.

DRIVE gives businesses a bespoke platform to manage their fleet and their drivers on the go at anytime, anywhere, using all devices. 

Time to optimise your fleet. www.ododrive.com     

About Synergy Car Leasing

Synergy Car Leasing was founded in 2006 by Paul Parkinson and is now one of the leading vehicle leasing providers in the UK.  In 2021Synergy achieved the Feefo Platinum Trusted Service Award for the second consecutive year, the highest accolade for best-in class customer service, following six successive years of the Feefo Gold Trusted Service Award. Synergy is the fastest growing leasing broker in its class 2019-2020, awarded by the Leasing Broker Federation, following its achievement of Overall Leasing Broker of the Year 2018-2019.  A member of the British Vehicle Rental and Leasing Association (BVRLA), Synergy is committed to the highest standards of service, fair terms & transparency.  Paul Parkinson serves as Vice-Chancellor on the BVRLA National Leasing Broker Committee to further champion industry standards. Newable Ltd, a London-based financial services, professional advice and workspace provider, acquired a majority shareholding in the business in early 2020, to further Synergy’s growth plans. https://www.synergycarleasing.co.uk/

About Xledger

Xledger has been transforming the finance function of ambitious organisations for over 20 years with their cloud-based finance software. By utilising the powers of insight, automation, and scalability Xledger equips organisations to improve core business processes and decision making, while providing a complete overview of the business financials in real time. By running a leaner more efficient finance department, Xledger empowers organisations to concentrate on what matters most.

In 2020, Xledger UK received numerous prestigious awards, including finalists at the Accounting Excellence awards for ‘Best Mid-market & Enterprise Accounting Software,’ 2nd place in the small companies category for the ‘UK’s Best Workplaces™ in Tech’ and an accreditation as a ‘Great Place to Work-Certified™ Organisation’.

The Bristol-based Xledger UK also have deeps roots in the local community and strong CSR initiatives. In 2020, Xledger solidified a groundbreaking partnership with Bristol Sport by sponsoring the South Stand at Ashton Gate Stadium for a second year, as well as becoming the principal partner of the Bristol Flyers and main sponsor of the Bristol Bears Academy – which includes an internship programme at Xledger. https://xledger.com/uk/about-xledger/

For more information contact Robert Gorby on 07861 234984 / robert@ododrive.com  or Scott Fulton at scott@fulton-associates.com / 07788 144993

Logo – https://mma.prnewswire.com/media/1336877/DRIVE_Software_Solutions_Ltd_Logo.jpg

Conner Named Vice President Of FERC And RTO Strategy & Policy

COLUMBUS, Ohio, Jan. 28, 2021 /PRNewswire/ — American Electric Power (Nasdaq: AEP) has named Amanda Riggs Conner vice president – FERC and RTO Strategy & Policy, effective Jan. 30.

Conner will be responsible for ensuring AEP’s generation and grid development businesses are represented in policy matters at the Federal Energy Regulatory Commission (FERC) and Regional Transmission Organizations (RTO). She will report to <span…

COLUMBUS, Ohio, Jan. 28, 2021 /PRNewswire/ — American Electric Power (Nasdaq: AEP) has named Amanda Riggs Conner vice president – FERC and RTO Strategy & Policy, effective Jan. 30.

Conner will be responsible for ensuring AEP’s generation and grid development businesses are represented in policy matters at the Federal Energy Regulatory Commission (FERC) and Regional Transmission Organizations (RTO). She will report to Antonio Smyth, senior vice president – Grid Solutions.

Conner, 46, currently serves as managing director in AEP’s Washington, D.C., office, focusing on FERC and federal legislative issues. She began working for AEP in 2012 as senior counsel in the Legal Department, representing the company in PJM transmission owner committees and handling transmission formula rate and market based rate issues before FERC.

«Amanda brings a wealth of knowledge and experience with federal regulatory and policy issues that will strengthen our efforts as we continue making investments in the energy solutions that improve service to our customers,» Smyth said.

Prior to joining AEP, Conner held a counsel position at Orrick, where she represented renewable developers in project finance and related matters before FERC, including market-based rate applications, qualifying facility self-certifications, applications for approval of transactions involving jurisdictional facilities, and interconnection of renewable generation. Previously, she was an associate attorney with Wright & Talisman, where she represented Southwest Power Pool and the MISO transmission owners in numerous FERC matters, including those involving energy market implementation and compliance with open access transmission directives. Conner earned her bachelor’s degree from Purdue University and her law degree from Indiana University – Maurer School of Law.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP’s approximately 17,000 employees operate and maintain the nation’s largest electricity transmission system and more than 221,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,300 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

(PRNewsfoto/American Electric Power)

 

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SOURCE American Electric Power

Revel Communities Honored with 2021 Best Customer Engagement Award Alongside 8 Awards by Senior Advisor’s «Best of Senior Living» 2021 Awards

SCOTTSDALE, Ariz., Jan. 28, 2021 /PRNewswire-PRWeb/ — Revel Communities announced today that it was honored with eight individual community awards by Senior Advisor in the Best of Senior Living 2021 Awards. Most notably, Revel Communities as a brand was awarded «Best Customer Engagement,» marking an impressive accolade for the national senior living brand first founded by The Wolff Company, who opened the first Revel community in 2017.

«The Best of Senior Living Awards is well respected in the…

SCOTTSDALE, Ariz., Jan. 28, 2021 /PRNewswire-PRWeb/ — Revel Communities announced today that it was honored with eight individual community awards by Senior Advisor in the Best of Senior Living 2021 Awards. Most notably, Revel Communities as a brand was awarded «Best Customer Engagement,» marking an impressive accolade for the national senior living brand first founded by The Wolff Company, who opened the first Revel community in 2017.

«The Best of Senior Living Awards is well respected in the industry, and we are honored to have been awarded not only marks of excellence across our portfolio, but recognized as a brand,» said Danette Opaczewski, Executive Vice President, Resident Experience and Chief Operating Officer, Revel Communities. «We are thankful to our entire Revel team and to our valued residents who truly make each of our communities a testament to the Revel difference. As a brand founded with a hospitality mindset, we look forward to continuing to deliver a lifestyle focused wellness –including physical, spiritual, emotional and intellectual wellbeing–in unique ways to our residents this coming year.»

Senior Advisor’s annual Best of Senior Living Awards recognize senior living and home care providers who receive consistently high ratings and positive reviews from residents, families, and visitors. This exclusive designation is awarded to the top 2-3% of providers nationwide and showcases the particularly incredible achievements in the senior living industry after a year of unprecedented change.

Revel was awarded top-rated honors for the following communities:

  • Revel Nevada (Henderson, NV)
  • Revel Lacey (Lacey, WA)
  • Revel Lodi (Lodi, CA)
  • Revel Spokane (Spokane, WA)
  • Revel Rancharrah (Reno, NV)
  • Revel Vegas (Las Vegas, NV)
  • Revel Eagle (Boise, ID)
  • Revel Issaquah (Issaquah, WA)

Senior Advisor is in their 8th consecutive year of hosting the awards. Nominees are scored based on a 4.5-star rating or above and 6 new reviews on SeniorAdvisor.com during the award period (November 17, 2019 to October 18, 2020).

About Revel Communities

Revel Communities, a division of fully integrated investment firm The Wolff Company, is a portfolio of vibrant independent living communities with best-in-class amenities and services. Revel’s growing portfolio spans across the Western U.S., including Arizona, California, Colorado, Idaho, Nevada, Oregon and Washington. As part of The Wolff Company, who holds more than 70 years of real estate experience combined with deep expertise in hospitality, Revel creates communities that keep residents connected, engaged and curious through transformative experiences for residents and team members. Offering wellness-centered lifestyles and residences for lease, Revel communities aim to support residents’ life choices, focus on well-being, foster genuine connections and celebrate their independence. For more information, visit http://www.revelcommunities.com.

About The Wolff Company

The Wolff Company is an integrated real estate investment firm focused on the mission-driven development and management of rental communities across the North America. Wolff combines a discretionary private equity platform with an integrated, in-house development team and a newly formed resident experience company. The Wolff Company focuses on improving the lives of its residents by fundamentally redefining the residential rental experience, while delivering outsized investment returns. Since 1949, The Wolff Company has promoted a «people first» culture that encourages relentless innovation, steadfast execution, faithful stewardship and continuous learning. For more information, visit http://www.awolff.com.

Media Contacts
Julia Yuryev | Alyssa Lawrence | Anna Hubbard
Murphy O’Brien
revel@murphyobrien.com

Media Contact

Alyssa Lawrence, Murphy O’Brien, +1 9497018235, alawrence@murphyobrien.com

 

SOURCE Revel Communities

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO2-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel…

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO2-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

BENTELER’s climate-friendly high-pressure heat exchanger delivers high cooling capacity for batteries during charging.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO2 as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO2 can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com   

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

Photo – https://mma.prnewswire.com/media/1428056/BENTELER_HP_Heat_Exchanger.jpg  
Logo – https://mma.prnewswire.com/media/1428055/BENTELER_Logo.jpg

BENTELER Logo

 

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO2-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel…

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO2-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

BENTELER’s climate-friendly high-pressure heat exchanger delivers high cooling capacity for batteries during charging.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO2 as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO2 can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com   

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

Photo – https://mma.prnewswire.com/media/1428056/BENTELER_HP_Heat_Exchanger.jpg  
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Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are…

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO2 as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO2 can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com   

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

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SOURCE BENTELER

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are…

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO2 as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO2 can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com   

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

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SOURCE BENTELER

TEMSA is electrifying the world

ADANA, Turkey, Jan. 28, 2021 /PRNewswire/ — TEMSA, a Sabancı Holding and PPF Group subsidiary, has rolled up its sleeves to carry the banner for electric transportation worldwide. Having shipped its first electric bus export to Sweden in December, TEMSA started to produce Li-Ion battery packs that are used in its electric vehicles in its Adana plant.

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ADANA, Turkey, Jan. 28, 2021 /PRNewswire/ — TEMSA, a Sabancı Holding and PPF Group subsidiary, has rolled up its sleeves to carry the banner for electric transportation worldwide. Having shipped its first electric bus export to Sweden in December, TEMSA started to produce Li-Ion battery packs that are used in its electric vehicles in its Adana plant.

TEMSA CEO Tolga Kaan Dogancioglu, Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA (Left to right)

TEMSA, drawing attention with the significant deliveries it has performed abroad recently, has set out its vision for electric vehicles. TEMSA, made its first delivery of TEMSA powered electric buses to Sweden, cultivates all the technologies that steer the industry, particularly when it comes to electric vehicles, at company’s Adana plant.

«WE PRODUCE THE BATTERY PACKS IN TURKEY«

Noting that TEMSA is one of the world’s few companies that has started to create innovative solutions in the field of new technologies many years ago and engineered multiple models oriented to electric vehicles are ready for mass production today, Cevdet Alemdar, Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA, said, «Today, we consider TEMSA as not only an automotive company but an automotive-oriented technology company. Now we are developing and manufacturing the battery packs we use in our electric vehicles, with our own engineers and our own R&D team at TEMSA’s Adana plant. Most recently, we have exported 6 TEMSA powered MD9 electriCITY buses, in which we used the battery packs that we developed and produced in our own battery facility. We are very proud of having implemented such an important project in TEMSA.»

«WE WILL GROW IN THE USA AND EUROPE«

Cevdet Alemdar expressed that TEMSA has focused on sustainability and technology in its growth strategy and said: «We, as TEMSA, delivered our first electric vehicle export to Sweden in the last month. Sweden is indeed the country that has possessed this technology for many years, presented a significant vision for this issue, and, maybe, is the most assuming one in owning this endeavor in the world. For instance, the world’s largest technology companies in the US use our TEMSA-branded buses for the transportation of their employees. We will also see our electric vehicles there in the forthcoming period. TS45 is our popular model in the US. We are in the process of producing the electric model of this vehicle. A prototype is presently being tested in California. We hope that our electric vehicles we have produced in Adana, with their battery packs, hoods, and TEMSA technology, will be on the roads in different regions of the USA, particularly in Silicon Valley.»

Cevdet Alemdar reminded that TEMSA has exported over 12 thousand vehicles to 66 countries worldwide and said, «More than five thousand TEMSA vehicles are on the roads of France. In the USA, one of the most competitive markets in the world, this number is over 1,000, and here we are in the top 5 in our segment. We want to achieve much greater success in the upcoming period in the USA.  We would like to undersign even greater achievements in the USA in the upcoming period. We believe that the North American market will be one of the engines of TEMSA’s growth in the future. In the same way, we are very strong in the UK, Italy, and Germany. Now, we will grow fast in Central and Eastern Europe also through the strength of our partner PPF and Skoda Transportation.»

NEW R&D CENTER: TEMSATECH

Highlighting the fact that TEMSA has invested in R&D and innovation to a large extent for many years, Tolga Kaan Doğancıoğlu, TEMSA CEO, says a platform called TEMSATech has been established within the company to engineer new technologies. Doğancıoğlu states that studies in many different areas like autonomous vehicles, power distribution and vehicle charging unit, and charging stations along with electric vehicles are conducted in TEMSATech and says, «Approximately 30 engineers of us work here and the electric vehicles we have exported to Sweden are a product of TEMSATech as well.»

«HALF OF OUR BUSES WILL BE ELECTRIC BY 2025»

Sharing information and their targets, Tolga Kaan Doğancıoğlu said, «We aim to meet over half of our total bus volume, with electric vehicles by 2025. We allocate around four percent of our turnover to R&D every year. We envision the share of exports in our electric vehicles will reach about 80 percent. When it comes to the short term, we are planning to reach a business volume that is 2-3 times larger than the previous year.»

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