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Germany’s Jungheinrich and Triathlon launch batteries joint venture

Mon, 02/25/2019 - 00:00 -- John Shepherd

German firms Triathlon Batteries and Jungheinrich have formed a joint venture company “focused on the production and recycling of lithium-ion battery systems”.

Jungheinrich, known as a forklift truck manufacturer, will have a 70% majority stake in the new company— JT Energy Systems— which is set to start operations in Glauchau in August 2019.

The partners, who both produce a range of lead-acid and lithium-ion batteries, are staying tight-lipped about details of the new business and did not respond to BEST Battery Briefing’s requests for interviews.

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