Ener1 Gains 100% Share in Delphi JV Company

14th August 2008 | 0 Comments

Developer and manufacturer of lithium-ion batteries for hybrid and electric vehicles, Ener1, has acquired the 19.5 per cent share in joint venture company EnerDel held by former joint venture partner Delphi Corporation. This share purchase gives Ener1 100 per cent ownership in EnerDel and brings along with it exclusive ownership of essential manufacturing and intellectual property assets from Delphi. The agreement was approved by US judge Robert Drain, who is overseeing Delphi’s efforts to emerge from bankruptcy.

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Category: Product News

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