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French equipment maker Manitou and Chinese forklift manufacturer Hangcha have committed to a joint venture to develop and manufacture lithium-ion batteries for heavy material handling equipment. The JV will support electrification of telehandlers and forklifts.
“Deepening strategic cooperation with Manitou Group and jointly establishing a lithium battery joint marks a new phase in the partnership between the two sides.”electrek.co
Summarized from public sources; check the original articles before acting on it.