KION Group and BMZ Holding have established a joint venture, KION Battery Systems, to manufacture lithium-ion batteries for industrial trucks, addressing the rising demand for sustainable energy solutions in the EMEA region.

Information on the Target

KION Group and BMZ Holding have entered into a strategic alliance to create a joint venture named KION Battery Systems GmbH. This new entity will focus on the production of lithium-ion batteries designed specifically for industrial trucks within the EMEA region. Each company will maintain an equal 50 percent stake in the joint venture. The collaboration is aimed at enhancing KION's lithium-ion product offerings while expanding production capabilities to meet the escalating demand for technologically advanced battery systems in intralogistics.

The joint venture will operate from a new production facility set to be established at BMZ's headquarters in Karlstein am Main. By 2023, the joint venture anticipates a workforce expansion to approximately 80 employees, primarily for roles in research, development, and production of battery solutions.

Industry Overview in EMEA

The industrial battery market is witnessing significant growth, driven by the increasing demand for sustainable and efficient power sources. Specifically, lithium-ion batteries are gaining prominence due to their superior performance, long