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GM battery supplier Cobasys in bad financial shape

General Motors has apparently placed Cobasys on their list of distressed suppliers, a move that could be very bad news for some of GM's hybrid programs. Cobasys is the battery company jointly owned by Energy Conversion Devices and Chevron Technology Ventures. Cobasys supplies the nickel metal hydride batteries used in GM's mild hybrid system in the Saturn Aura and Vue and the Chevy Malibu. They are also one of two supplier teams with development contracts to provide lithium ion battery packs for the PHEV Saturn Vue that was shown at the ... Read more →

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