BMZ and Kion have announced a 50-50 joint venture. The joint venture, Kion Battery Systems GmbH, will manufacture lithium-ion batteries for fork-lift trucks destined for the European, Middle Eastern and African markets. The partners aim is to extend their product portfolio and increase production capacity to serve the rapidly growing demand for lithium-ion battery systems in the intralogistics sector. The production facility will be built in Karlstein/Main (Germany), and the company plans to employ around 80 people in the areas of research, development and production by 2023.
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