Clarios Executives to Present at Bank of America Securities 2020 Leveraged Finance Virtual Conference
MILWAUKEE, WI, Nov. 30, 2020 — Clarios, producer of one in three of the world’s car batteries, will present at the Bank of America Securities 2020 Leveraged Finance Virtual Conference on Dec. 2 at 9 a.m. Eastern Time.
Clarios CEO Mark Wallace and CFO Chris Eperjesy will share insights into the role of lead battery technology in all vehicles, regardless of powertrain, from internal combustion to full electric. Clarios projects the global demand for this technology to increase by approximately 230 million batteries by 2040, an increase of nearly 60 percent in 20 years.
These projected growth figures are based on the fact that every vehicle requires a 12V battery for essential functions, such as supporting peak power demand for steering and braking systems, energy for over-the-air updates when the vehicle is off, and in the case of electric vehicles, supplying safety-critical power to low-voltage systems if the primary battery fails.
Additionally, the 12V lead battery is the world’s best example of a circular economy. In fact, 99 percent of battery materials can be recovered, recycled and remade into new batteries. Through a decades-long partnership with retailers and dealers, Clarios collects, recovers and recycles 8,000 batteries every hour, every day, across the globe. Beyond using those materials to build high-performance batteries, Clarios helps to greatly reduce energy consumption and greenhouse gases.
Further, Clarios continues to advance next-generation lead battery technology to unlock its full potential. These enhancements push the boundaries of electro-chemistry performance to deliver significant improvement in charge acceptance that will not only enable the latest vehicle features and usage but ensure sustained performance over time for all-electric and, eventually, autonomous vehicles.
“Clarios is well positioned to remain the world’s largest battery maker while continuing to focus on chemistries that meet the evolving needs of tomorrow’s vehicles in the most sustainable way,” said Wallace. “Clarios is laser focused on the electric vehicle market. We will provide the advanced lead-acid technology required for critical safety systems as well as customized solutions to meet evolving needs — unlocking next-generation capability well into the future.”
About Clarios: Clarios is a world leader in advanced energy storage solutions. We partner with our customers to meet increasing market demand for smarter applications, on a global scale. Our 16,000 employees develop, manufacture and distribute a portfolio of evolving battery technologies for virtually every type of vehicle — technologies that deliver uniquely sustainable, next-generation performance and bring reliability, safety and comfort to everyday lives. We add value at every link in the supply chain, contributing to the progress of the communities we serve and the planet we all share. As a 2020 signatory of the United Nations Global Compact, Clarios is committed to aligning our strategies and operations with universal principles focused on human rights, labor, environment and anti-corruption. Clarios is a subsidiary of Brookfield Business Partners, a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.