BMW heiress-backed battery maker BMZ files for insolvency By Investing.com
Update: 2025-10-28
Description
Battery giant BMZ Group, partly owned by a BMW heiress's firm, faces insolvency after losing a major energy storage client, triggering legal battles and a cash crunch. Despite the setback, BMZ plans to restructure, focusing on industrial and custom energy solutions, with shareholders providing crucial bridge financing to keep operations running. The company aims to emerge stronger, but its future hinges on successful restructuring and attracting new customers.
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