Featured In: The Power Point
PowerPulse.net | Thursday, February 16, 2012
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BASF has acquired Ovonic Battery Co., a wholly owned subsidiary of Energy Conversion Devices Inc.. No financial details were provided.
Ovonic’s principal activities have been licensing its advanced battery technologies - including nickel-metal-hydride (NiMH) and lithium-ion (Li-ion) technologies – participating in joint development programs to support application of advanced battery technologies and and manufacturing mixed-metal hydroxide cathode materials for sale to its licensees for use in battery production. Ovonic has developed NiMH rechargeable battery technology that is used globally in many hybrid-electric vehicles.
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