John Deere invests in battery technology

Sep. 25, 2022

John Deere, Moline, Ill., is making an immediate investment to increase the production capacity of Kreisel Electric as part of Deere’s plans to meet the growing demand for batteries as a sole- or hybrid-propulsion system. In early 2022, Deere acquired a majority ownership stake in Kreisel, a company that produces innovative battery technology for e-mobility and stationary systems. The funds from the investment will primarily be deployed within mobile commercial and industrial solutions as well as the charging infrastructure division of Kreisel. The strategic alignment with Kreisel also will serve as the cornerstone for the electrification of John Deere Brand products, the company said.

The significant capital commitment will bring an increase of more than 2 GWh to Kreisel battery production capacity, beginning with the opening of a new facility at the John Deere Saran factory, the primary manufacturing location for John Deere engines in the European Union. In parallel with this project, John Deere also will invest in battery assembly in the U.S. to support the growth of its customers and John Deere products.

“This investment will put a strong focus on the industrialization and automation of the entire production process, as well as research and development capacities at Kreisel HQ in Rainbach,” said Jennifer Preston, global director, John Deere Electric Power.


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