EnerSys has formalized a joint-venture agreement to produce large-format lithium-ion battery cells in Germany.
The US based energy-solutions group said it will have a majority interest in a new joint venture it has formed with GAIA Akkumulatorenwerke GmbH, a wholly owned subsidiary of Lithium Technology Corporation (LTC).
The venture, which is scheduled to start operations in October, will include LTC's plant in Nordhausen, Germany.
EnerSys said the joint venture, which is called EAS Germany GmbH, builds on a distribution agreement it has had with GAIA for the past three years.
EAS will develop and produce lithium-ion based solutions for space, naval, marine, renewable energy and specialty high power applications for EnerSys. And it will make products for LTC's transportation customers.
With the addition of Nordhausen, EnerSys will have three plants in Germany producing lithium, nickel and lead-based products.