ZF Confidential

Energy meets Mobility
ZF Japan Co., LtdNaosumi Tada

© ZF Friedrichshafen AGZF Confidential© ZF Friedrichshafen AG2

ZF Confidential© ZF Friedrichshafen AGEnergy meets Mobility - Enerlity
Shifting from Fossil to Renewable energy

EnergyMobility
Enerlity

Rapid increase of BEV share© ZF Friedrichshafen AG

4

Agenda1.

Japan Energy Status

2.

BEV and Battery capacity

3.

Enerlity Platform Concept

4.

Next Step© ZF Friedrichshafen AG5

Agenda1.

Japan Energy Status

2.

BEV and Battery capacity

3.

Enerlity Platform Concept

4.

Next Step© ZF Friedrichshafen AG6

Japan Energy Generation Status
Japan Energy generation/consumption

TWh1500

Japan Renewable Energy Share
25%

20%

VRE (Variable Renewable Energy)

1000
15%

10%

2022 Total Solar powergeneration was 106.1TWhbut actual delivery was
85.6TWh

500
5%

00%
1990 1995 2000 2005 2010 2015 2020 2022

2016 2017 2018 2019 2020 2021 2022

Electricity consumption JapanHydropower

BioTotal power generation

Wind power

Solar power

Geothermal

Shifting from Fossil power generation to Renewable energy should be accelerated
Better utilization of VRE can accelerate further shift to renewable energy© ZF Friedrichshafen AG7

Daily Energy Consumption Trend
Daily Electricity Consumption (Jan.25.2023) and PV generation pattern
0.5
0.4300GWhGWh250✓ Highest consumption day in 2023 was Jan. 25th
due to heating in morning and evening

200✓ PV cannot fill Peak cut area completely because ofdifferent consumption and PV generation pattern

0.3

150

0.2

100

0.1

50

001 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 hour
PV power pattern✓ On this particular day, 300GWh storage capacity isrequired for peak cut

Consumption

Energy Storage System should be utilized for peak cut
300+GWh ESS capacity can realize peak cut© ZF Friedrichshafen AG8

Agenda1.

Japan Energy Status

2.

BEV and Battery capacity

3.

Enerlity Platform Concept

4.

Next Step© ZF Friedrichshafen AG

9Global LV Production Volumes
in M Vehicles
110
100

9080
FCEV
BEV
PHEV
HEV

70
60
50

MHEV

40

ICE

30
20

80

0134
5949838701620

4561145

90

92

94

2632

3700758141440

37

100202320242025

2026

2022-12-08 | VSFI | LV Electrification Forecast Scenarios 12/2022

05814332027

05a14292028

95

96424704914252029

04101497

970054614912371098067

2a99
074

8157211816

14122030

2031

2032

2033

2034

10008141592035© ZF Friedrichshafen AG

10

Battery capacity in BEV on road
GWh
GWh
50,00044,625
8140,000

Mil. units
1007530,000✓ Global BEV volume willdevelop~20TWh capacity in 2030
~45TWh capacity in 2035

5047

Mil. units
2.01,000

753

750

1.51.1500

1.5

1.0

20,00019,35010,0002520
5,5500020252030
Battery capacity

2035
BEV✓ Japan is much smaller but
250GWh in 2030
750GWh in 2035

250

250020.50.02025

0.02030

Battery capacity

2035
BEV

© ZF Friedrichshafen AG

11

Agenda1.

Japan Energy Status

2.

BEV and Battery capacity

3.

Enerlity Platform Concept

4.

Next Step© ZF Friedrichshafen AG

12ZF Confidential© ZF Friedrichshafen AG

13Enerlity Platform Concept
ZF & ITOCHU Energy Eco System

Battery business model is our main theme

Total de-carbonization solution includingEV, Charging station, ESS, Battery & Energy management••

Energy management
Smart Charging/Discharging

Green Energy selling
Weather forecast
Energy market price forecast

Fleet management
Real time logistics
Smart charging

ESSRecycle

Energymanagement
Battery Recycle

Battery

EV technology
Fleet management
Connectivity

Energy•••VehicleKey Points• Battery ownership belongs to ZFJ & ITC• Battery will be replaced from Vehicle to ESS in every 2 years• Battery life cycle management

Key Points• Energy management per customer location (ex. delivery base)• Smart Charging system (multiple EV charging)© ZF Friedrichshafen AG14

Enerlity Platform Concept
Battery to b replaced every 2 years
2yrs old battery to be used for ESS 10 years

MWhUnits/a
60,0006.1GWh50,000

6,000
5,000

40,0004,000

30,000
Enerlity platform cargo van
3 packs per vehicle

7,000

3,000

20,0002,000

10,0001,000

002027 2028 2029 2030 2031 2032 2033 2034 2035 2036

35kWh LFP Battery packBattery capacity

vehicle sales

Energy Storge System (ESS)

Sustainable battery source from Enerlity platform to ESS© ZF Friedrichshafen AG15

Enerlity Platform Concept
Last one mile delivery cargo van

3 layer concept for- Body
- E/E
- Rolling chassis
No rear access door

Walk through layout
Wide cargo area
Wide side open slide door
Low cargo floor height© ZF Friedrichshafen AG16

Enerlity Platform Concept
Last one mile delivery cargo van
Top layer- 2 variants for vehicle height- Specialized body design (ie. People mover) can be
designed
Middle layer- E/E architecture and floor panel integrated- Connectivity device
Bottom layer (Rolling chassis)- Easy replace battery pack mount- ZF AKC technology expand wheel base

© ZF Friedrichshafen AG17

Enerlity Platform Concept
Last one mile delivery cargo van

35KWh LFP Standard battery pack X3✓ e-Axel✓ rear steering system✓ shock and control damper✓ steering by wire system✓ brake by wire system
Low floor height (~40cm)✓ integrated chassis control (cubiX)✓ 3X 35kWh LFP battery pack© ZF Friedrichshafen AG18

Enerlity Platform Concept
Local Blockchain
vehicle ID

vehicle location

battery cell temp.

loading weight

heart beat pulse

battery ID

vehicle speed

battery output volt

room temp.

body temp.

driver ID

vehicle acceleration

SOC

cargo space temp.

blood oxygen level

break pedal pressure

battery resistancetire pressure

breathing ratesteering wheel position

charging history

road condition (balljoint sensor)

calorie consumption

Invertor output DC amp.

number of steps

Invertor input AC volt.
thermal system temp.
total energy
consumption

Local Blockchain© ZF Friedrichshafen AG19

Enerlity Platform Concept
Consortium type Blockchain
Consortium type Blockchain

SERVICE NETWORK

Battery leasing

Renewableenergy provider

Energy Management

LOD company
Fleet management

Car sharing /leasing

Charging service

Local Blockchain

ESS provider© ZF Friedrichshafen AG20

Agenda1.

Japan Energy Status

2.

BEV and Battery capacity

3.

Enerlity Platform Concept

4.

Next Step© ZF Friedrichshafen AG21

Enerlity project timeline

2022

2023

2024

2025

2026

2027

◆ ’22 Nov: MoU closed between ZF Japan & ITOCHU◆ ’23 May: Investor, Vehicle Build Partner Event◆ ’24 Jan: Vehicle Build Partner selection

2024 Focus◆ ’24 Mar: Fix collaboration scheme with partners◆ ’24 Apr – Dec: Contact Investors and collect LoI◆ ’24 Jun-Dec: Proto-vehicle Build kick off◆ ’25 Jan: Proto-vehicle Build ready◆ ’27 Q1. Vehicle SOP© ZF Friedrichshafen AG22