A contract has been signed with the North Macedonia Free Zones Authority (TIDZ), which has helped with finding suitable land and tax incentives and which is expected to see more than 60 production lines be built by 2028.

Volker Ritzert has become the new Chief Executive Officer (CEO) of BMZ Germany, effective August 1, 2023. Ritzert replaces outgoing CEO, Sven Bauer, who becomes Group CEO.

Oliver Makko has been appointed the new Chief Financial Officer (CFO), replacing Jörg Dinkat, and Andreas Krist as Chief Product Officer (CPO), replacing Oliver Reichertz.

Wolfgang Kolb will assume responsibility for global sales, leveraging his 20 years of experience at various automotive companies.

To meet growing demand, BMZ has expanded its battery production capacity in Karlstein am Main, Germany, through a Euro 11 million deal with Amada Weld Tech for the acquisition of welding systems, a key component in the battery manufacturing process.

To meet growing demand, BMZ has expanded its production capacity in Karlstein am Main, Germany, with investment in increased production line automation.

BMZ has acquired a controlling shareholding in its battery cell holder supplier, Schutz Kunststofftechnik, essentially protecting its current supply chain.

SKion, an investment company representing heiress Susanne Klatten, has acquired a 20% stake in the battery manufacturer for an undisclosed sum. 

The German and Chinese battery manufacturers have agreed to collaborate in the development of NMC lithium-ion batteries for the global market.