Cobasys Absorbed Into New Subsidiary

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Cobasys LLC of Orion, Michigan has been combined with SB LiMotive Germany GmbH of Stuttgart to form Robert Bosch Battery Systems. This is a wholly owned subsidiary of Robert Bosch GmbH. Cobasys has been focused on nickel metal hydride battery technology, while SB LiMotive is a joint venture between Bosch and Samsung focused on lithium-ion batteries. The intent is to expand activities relating to electrochemistry and the production of lithium-ion battery cells. The Fiat 500e, going into production this year, will be the first all-electric vehicle with a Bosch battery pack.

Topics:  Joint Venture, Lithium Batteries, Subsidiaries

Published In: Energy & Utilities Updates, Mergers & Acquisitions Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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