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Europe: BASF Acquires NiMH Battery Producer

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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