The BMZ Group is primarily known for producing lithium-ion battery packs. Customers include Daimler Buses, which sources new battery packs (“NMC 4”) for the Mercedes-Benz eCitaro from BMZ Poland. The latter, as well as other foreign subsidiaries, are reportedly unaffected by the insolvency.
In the press release, the group outlines the situation as follows: the background to the insolvency of BMZ Germany GmbH is “an acute liquidity crisis and the need for restructuring following the loss of a major customer in the energy storage segment, as well as resulting legal disputes and cost burdens.” The customer’s identity was not disclosed. It is clear, however, that BMZ Holding GmbH is also affected due to a guarantee commitment and…