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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Earlier post.) million in outstanding 3% Convertible Senior Notes due 2013.

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WiTricity Corporation, IHI Corporation, and Mitsubishi Motors Corporation partner to develop easily deployable wireless charging systems for PEVs

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WiTricity Corporation (WiTricity), IHI Corporation (IHI) and Mitsubishi Motors Corporation (MMC) will join forces to research and develop easily deployable electric vehicle (EV) wireless charging systems readily compatible with electric grids.

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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

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Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. to create a company focused on the development of next generation smart transportation. VectoIQ Acquisition Corp. Kim Brady, currently the CFO at Nikola, will continue in that role post-close.

Hydrogen 397
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Hyliion and Tortoise Acquisition to merge, combined company to remain listed on NYSE

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Class 8 electric powertrain company Hylion intends to merge with Tortoise Acquisition Corp. NYSE: SHLL), a publicly traded special purpose acquisition company with a strategic focus on the energy sector and decarbonizing commercial transportation in North America. is serving as legal advisor to Tortoise Acquisition Corp.

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Japanese demonstration project begins for commercialization of vessels equipped with high-power fuel cells

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NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., The companies will target newly constructed domestic vessels in the entire vessel value chain (i.e., Role of each company. Project management, ship design and legal compliance. Toshiba Energy Systems & Solutions Corporation.

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Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

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The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. The new structure comprises three legally independent entities—Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG—under the umbrella of Daimler AG.

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Zhejiang Methanol Hydrogen and Element 1 partner to deliver hydrogen generation technology to Greater China

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Element 1 Corporation (e1NA), Zhejiang Methanol Hydrogen Technology (ZMHT) and Zhejiang Element 1 (e1China) have formed a joint venture company—Zhejiang Hydrogen One Energy Technology Co., e1China, an affiliate company of e1NA will have a 20% ownership interest in the JV. Element 1 L/M-Series Hydrogen Generator.

Hydrogen 418