Wu noted that the investment includes the costs of building expansion and new equipment.
"At Schkopau, Germany, (the investment will) support the continued growth in the EMEA market—especially for electrification and lightweighting," Wu said. "We are adding a newer part, expanding that facility to support growing demand."
DuPont opened the Schkopau facility in 2006 to support the European Union's growing demand for adhesive and bonding products, specifically the BetaMate structural and crash-durable adhesives, and the BetaSeal glass bonding adhesives.
The Freienbach plant, meanwhile, has been manufacturing adhesive solutions for the automotive industry since the 1970s. In addition to making DuPont's BetaMate, BetaSeal and BetaTech products, the facility serves as a hub for product development.
Christophe van Herreweghe, global strategic marketing director for DuPont Mobility & Materials, noted that the investment in the Freienbach facility will allow it to remain a hub of innovation and support for European EV customers.
"The Freienbach facility is really going to focus on offering our customers a holistic approach, so that we are able to help them to test our solutions in an overall battery pack," van Herreweghe said. "This is helping for that durability factor, but also to showcase and to prove that it will be key for thermal management and safety.
"So we are investing heavily in having the right test methods and helping our customers to find and approve the optimized designs for the future battery packs," van Herreweghe said.
DuPont has a global vision for growth, one that best positions it to meet the demands of a consistently changing automotive industry. The fact that two major investments have come in China and Europe is no coincidence.
At this point, China doesn't represent the largest market for DuPont's adhesive, bonding and thermal management materials, but it is the market with the greatest potential for growth. Europe, meanwhile, is a hotbed of EV activity, driven by technological development that is supported and bolstered by government regulations.
"I think, from a growth rate perspective, Europe continues to lead a lot of the core technology and Europe is also very sustainability-conscious from government regulations to the top OEMs," Wu said. "Europe is going to be a huge market. You are just going to see a switch from the traditional vehicle to the EV."
And while DuPont has yet to detail investment plans for North America, Wu notes that the five-year strategy involves a vision for how to best serve that market, too.
Within the last year, the U.S. has made significant strides that signal a swift transition to EVs. Major market OEMs such as GM and Ford have indicated they are committed to producing vehicles with electric powertrains. That, she said, appears to be backed by the legislation and regulation that supports the technology.
"Washington talks a lot more about sustainability than ever before," Wu said. "… I think America is going to catch up pretty quickly."