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BMZ takes control of TerraE to launch German cell production ‘by 2020’

Mon, 11/26/2018 - 00:00 -- John Shepherd
Sven Bauer

Lithium-ion developer and producer BMZ has taken control of German peer TerraE Holding, in a move to cement Germany’s position as a future leader in European battery cell manufacturing.

BMZ, which describes itself as Europe’s largest producer of lithium-ion battery systems, said taking majority ownership was part of plans to launch battery cells production in Germany by 2020.

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