07.06.2018 – 08:32

EDAG Engineering Group AG

DGAP-News: EDAG Engineering Group AG: EDAG supports BYTON in the development of the 'Next-Generation smart device'

DGAP-News: EDAG Engineering Group AG / Key word(s): Incoming Orders
EDAG Engineering Group AG: EDAG supports BYTON in the development of the
'Next-Generation smart device' (news with additional features)

07.06.2018 / 08:30
The issuer is solely responsible for the content of this announcement.

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EDAG Engineering Group AG: EDAG supports BYTON in the development of the
"Next-Generation smart device"

Arbon 07. June 2018

EDAG, a leading independent engineering services provider to the global
automotive industry, supports the premium manufacturer of electric cars BYTON in
the development of its first series produced car. The vehicle will be a
completely new electric car with extensive functionalities in automated and
autonomous driving. With integrated functions for all aspects of the "mobility"
ecosystem, the vehicle becomes the "Next-Generation smart device".
 

In this future-oriented project, EDAG is contributing a wide range of
development scope in vehicle engineering. In addition to the interior- and
exterior design, EDAG is particularly involved in the development of a high-tech
lightweight body. This is specially designed for the requirements of an
ultramodern electric vehicle with a long range. Beyond the technical challenges,
the flexibility and spatial cooperation of the developers also play a decisive
role. A multinational team at sites in China, Europa and the USA is pushing the
project forward and implementing it in parallel.


"We are pleased to successfully implement this challenging project together with
our customer", says Cosimo De Carlo, CEO of the EDAG Group. "Particularly
exciting is that we can bring our expertise as an international development
service provider in almost its entire range. We combine our skills in classical
engineering with our knowledge in lightweight construction and e-mobility. EDAG
thus acts as a globally networked and innovative partner of the new mobility
world."


 

About EDAG

EDAG is an independent engineering services provider to the global automotive
industry. The company serves leading domestic and international vehicle OEMs and
sophisticated automotive suppliers through a global network of about 60 sites in
major automotive centres of the world.

EDAG offers complementary engineering services across its Vehicle Engineering,
Electrics/Electronics and Production Solutions businesses. Based on these
extensive capabilities, EDAG can support clients across the entire value chain
from the original design idea to product development and prototype construction
all the way to the delivery of turnkey production systems. As a technology and
innovation leader, EDAG also operates established centres of excellence that
design landmark technologies for future applications in the automotive industry:
lightweight construction, electric mobility, car IT, integral safety and new
production technologies.

In financial year 2017, the company generated revenues of EUR 717 million and an
adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404 employees
(including apprentices) worked for EDAG in 19 countries.




Contacts:


Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone:+49 (0) 661- 6000 570
Mail:pr@edag.de
www.edag.de


Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone:+49 (0) 611- 7375 168
Mail:ir@edag-group.ag
ir.edag.de
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=ILBFTBURUE
Document title: Corporate News EDAG_BYTON

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07.06.2018  Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English

Company:  EDAG Engineering Group AG

          Schlossgasse 2

          9320 Arbon

          Switzerland

Phone:    +41 71 54433-0

E-mail:    ir@edag-group.ag

Internet: www.edag.com

ISIN:     CH0303692047

WKN:      A143NB

Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial
Market in Berlin, Dusseldorf, Munich, Stuttgart



 

End of News DGAP News Service

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693183  07.06.2018