# KION Group and BMZ Holding to launch joint venture for lithium-ion batteries

KION Group and BMZ Holding announced a joint venture, KION Battery Systems, with each holding a 50% stake, to produce lithium-ion battery systems.

- Type: Partnership
- Announced: 2019-07-11
- Status: announced
- Products: lithium-ion battery systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md) (partner)
- [BMZ Group](https://endata.com/companies/19404.md) (partner)

## Sources

- [mmh.com](https://www.mmh.com/topic/tag/KION/P45), 2019-10-09: "KION Group and BMZ Holding to launch joint venture for lithium-ion batteries"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.