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Global leader in the development of lithium-sulfur batteries
January 12, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF announced that it has invested $50 million to acquire an equity ownership position in privately held Sion Power, the global leader in the development of lithium-sulfur (Li-S) batteries, based in Tucson, AZ. This equity partnership expands upon an existing joint development agreement that BASF Future Business GmbH established with Sion Power in 2009 to accelerate the commercialization of Sion’s proprietary Li-S battery technology for electric and plug-in electric vehicles and other high-...
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