Energy Conversion Devices, Inc just announced that its subsidiary, Ovonic Battery Company, Inc, has sold its interests in Cobasys to SB LiMotive. Chevron Technology Ventures LLC, which also had an interest in Cobasys, has sold its interests as well. Cobasys is now owned by SB LiMotive, a joint venture between Samsung SDI Co., Ltd. and Robert Bosch GmbH.

Both Ovonic Battery Company, Inc. and Chevron Technology Ventures will continue to receive royalties paid to … Read the rest