KION Group and BMZ Holding form joint venture for lithium-ion batteries

KION Group AG and BMZ Holding GmbH have signed an agreement to form a 50/50 joint venture, KION Battery Systems GmbH, to manufacture lithium-ion batteries for industrial trucks in Karlstein am Main, Germany. Production is expected to start by 2023 with around 80 employees.

“This alliance will boost our role in the lithium-ion battery segment and will put the KION Group - and, by extension, all of the KION brand companies - in an even stronger competitive position.”materialhandling247.com

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• materialhandling247.comKION Group and BMZ Holding to launch joint venture for lithium-ion batteries - Material Handling 24/7MMH StaffJul 11, 2019

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