BASF has acquired the battery supplier Ovonic Battery Company, a subsidiary of Energy Conversion Devices, for US$58m in cash before adjustments. The transaction follows the Chapter 11 filing by parent company Energy Conversion Devices. Ovonic is based in Rochester Hills, Michigan, and specialises in NiMH battery technology. All major producers of Subscribe to Automotive World … Continued
BASF has acquired the battery supplier Ovonic Battery Company, a subsidiary of Energy Conversion Devices, for US$58m in cash before adjustments. The transaction follows the Chapter 11 filing by parent company Energy Conversion Devices.
Ovonic is based in Rochester Hills, Michigan, and specialises in NiMH battery technology. All major producers of
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member?
https://www.automotiveworld.com/articles/92054-us-basf-acquires-ovonic/
Join our LinkedIn Group
Let us help you understand the future of mobility
