BMZ Acquired TerraE To Push Plans For German Li-Ion Cell Production

KARLSTEIN, Germany - The BMZ Group took over the Frankfurt-based TerraE Holding GmbH. In May 2017 the TerraE consortium was founded by three investors with the intention to build a factory for large-scale li-ion cell production. Last month German media reported that the project didn’t take off successfully. Yesterday BMZ reported the take-over of the majority of shares.