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While automakers and suppliers vie for position in the sector, Chevron Corp. (NYSE:CVX) is exiting a hybrid car battery business. Cobasys LLC is being sold to SB LiMotive Co. Ltd., an electric vehicle battery joint venture between Samsung SDI Co. Ltd. and Robert Bosch GmbH.With the deal, Chevron ends an...
Posted on July 14, 2009 3:17 PM
Japan's Nissan Motor Co. Ltd. (NASDAQ:NSANY), slated to receive a piece of the $25 billion the U.S. Department of Energy set aside for makers of fuel-efficient cars, will debut its first electric vehicle in August. Nissan plans to sell the cars -- with a 100-mile battery life -- in Japan...
Posted on June 23, 2009 10:23 AM
Clearly, bringing electric cars to market takes teamwork. Yet another joint venture was formed Wednesday to co-develop next-generation lithium-ion battery systems. Sanyo Electric Co. Ltd., which controls the greatest market share for the technology, is injecting ¥80 billion ($764 million) into a JV with Volkswagen AG...
Posted on May 28, 2008 2:47 PM
With a new joint venture and some other nimble moves, Johnson Controls moves into batteries for hybrid autos.
Posted on December 15, 2005 6:03 PM
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