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SKF supplies advanced components to innovative electric car project in Paris

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SKF today announced that is has supplied advanced technological products and solutions to the Bolloré Group for use in their innovative electric cars. These cars will be used in the car sharing program, Autolib, to be launched inParisand the surrounding area.

“The fast growing electric vehicle market demands innovations. SKF has a strong focus on developing new offers for this industry”, says Tryggve Sthen, President, SKF Automotive Division. “Using SKF’s knowledge engineering and flexible manufacturing, we were able to deliver the needed engineering solution for this fantastic project.”

The SKF solution is based on bearings with ceramic balls and on advanced SKF sensor technology. It is developed to fit the electric powertrain application and to reach the high standards of efficiency and reliability in the new traction system.

The Bolloré Group will operate the new electric car sharing program, Autolib inParisand surroundings. The program calls for 3,000 cars on the road by mid-2012 and is anticipated to reduce carbon dioxide emissions by 22,000 tons a year while improving traffic congestion as fewerParisresidents would need to own cars. The first 66 electric vehicles were launched onParisroads October 2nd in a two-month field test. The first cars will be available to the public by December 1st, 2011.

Gothenburg, 28 November, 2011

Aktiebolaget SKF
(publ)

For further information, please contact:

Rebecca Janzon, Global Press Manager,
tel: +46 31-337 3880, mobile: +46 727-173880, e-mail: rebecca.janzon@skf.com

Marita Björk, Head of Investor Relations
tel: +46 31-337 1994, mobile: +46 705-181994, e-mail: marita.bjork@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. Annual sales in 2010 were SEK 61,029 million and the number of employees was 44,742. www.skf.com

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