KION Group, BMZ Holding launch joint venture for lithium-ion batteries
Initially, the new JV will focus on the production of 48- and 80-volt batteries for counterbalance trucks.
KION GROUP AG, Germany, joined forces with BMZ Holding GmbH, Germany, to form a joint venture under the name of KION Battery Systems GmbH. This joint venture will manufacture lithium-ion batteries for industrial trucks in the EMEA region.
The production facility for the joint venture is built by BMZ Holding GmbH. By 2023, the workforce of the JV is expected to grow to around 80 employees working in mainly research, development and production functions.