BASF has announced that it has acquired Ovonic Battery Company, a wholly subsidiary of Energy Conversion Devices Inc...
BASF has announced that it has acquired Ovonic Battery Company, a wholly subsidiary of Energy Conversion Devices Inc.
Ovonic is the global leader in Nickel-Metalhydride (NiMH) battery technology, including the production of cathode active materials (CAMs) for this battery type. The company also has a battery materials research facility in Troy, Michigan.
As part of BASF, Ovonic will be managed under BASF’s new global business unit “Battery Materials,” which was launched on Jan. 1, 2012, to integrate the company’s current and future battery materials-related activities within a single operating unit managed by its Catalysts division, based in Iselin, N.J.
“Ovonic’s proven research expertise provides a strong complement to the broad range of battery materials development activities we currently have underway within BASF.” said Ralf Meixner, Senior Vice President of BASF’s Battery Materials business.
As a result of these initiatives, BASF is building up a broad coverage of battery materials technology to drive the future of electromobility, supporting its long-term objective of becoming the leading provider of functional materials and components to serve cell and battery manufacturers worldwide.
Source, BASF.com click here
