General Motors plans to purchase Cobasys outright
What effect this news may have on GM's future hybrid plans remains unknown. Currently, Cobasys supplies nickel metal hydride batteries to the General. The upcoming Chevy Volt will use the newer lithium ion batteries. Still, General Motors recently showed off a new version of its mild hybrid technology, and therefore may have extended plans for future batteries from Cobasys.
[Source: Automotive News - sub. req'd]
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