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Cobasys, after being offered for sale by its previous owners for over two years has, finally been sold. Energy conversion Devices and Chevron had jointly owned the battery which supplied the energy storage system for the EV1 (pictured) as well as the nickel metal hydride batteries for GM's mild hybrids. The company is now owned by SB Li Motive which is the battery joint venture formed last year by Bosch and Samsung. SB LiMotive was formed to develop lithium ion batteries for automotive applicati

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Just a day after announcing that they would be supplying nickel metal hydride batteries for the upcoming Chevy Malibu hybrid, Cobasys is now up for sale. Cobasys is jointly owned by Energy Conversion Devices and Chevron Technology Ventures. Cobasys also has a partnership with A123 to develop lithium ion battery packs for the Saturn Vue plug-in hybrid program. The owners have hired investment bankers to examine the possibilities for sale, new investment or public offering. If Cobasys-A123 gets th

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