Batteries: joint venture between Mevis and the Chinese firm ZZ Tech

Mevis holds a 51 per cent stake in the joint venture, with ZZ Tech holding the remaining 49 per cent. Governance remains under the control of Mevis, which is responsible for appointing the CEO and senior management. The investments are made almost equally in cash.

The aim is to provide the European market with high-level specialist expertise, thereby contributing to the development of a local supply chain capable of meeting the growing demand from the electric mobility, energy storage, advanced digital infrastructure and artificial intelligence data centre sectors. Furthermore, the process of industrial, organisational and technological integration between the two companies has already begun.

The formal incorporation of NewCo is expected to take place between late 2026 and early 2027. The joint venture is expected to be fully operational between late 2027 and early 2028.

The joint venture has already finalised the selection and provision of the production site in Slovakia, paving the way for the rapid installation of production technologies and a swift start to operations. The facility will ensure proximity to European customers, high quality standards and a more efficient and resilient supply chain. The choice of country reflects its logistical and strategic proximity to the main European gigafactory hubs in Hungary and Poland. Mevis’s headquarters in Rosà (Vicenza) will house the strategic, commercial, quality, product development and technical departments, in line with the principle of developing qualified ‘lead personnel’ in Italia. It is estimated that over 100 people will be recruited during the first phase of production. The signing of the joint venture follows on from the strategic plan announced by the two companies at Battery Show Europe 2026, held last June in Stuttgart.

Federico Visentin, ceo di Mevis

“Europe is building its own industrial supply chain for batteries, and we believe that this transformation requires not only production capacity but, above all, access to the best expertise available globally,” comments Federico Visentin, CEO of Mevis - “With this move, we have chosen to combine Mevis’s industrial strength and proximity to European customers with the technological know-how developed by ZZ Tech in one of the world’s most advanced markets. This is not simply a matter of launching a new industrial initiative, but of creating a platform capable of accelerating the development of expertise, technologies and opportunities across the entire European value chain.”

And according to Samuel Wu, CEO of ZZ Tech, “The signing of this agreement confirms our commitment to supporting the growth of the battery industry on a global scale. This is the second international joint venture that ZZ Tech has entered into in recent months, following the one recently launched in Malaysia, and represents a particularly significant step for our European strategy.”