Japanese Industrial Giants Pay $30M To Settle Battery Suit
Under the deal, Energy Conversion and its subsidiary, Ovonic Battery Co. Inc., will receive a $10-million fee from Matsushita Electric Industrial Co., Panasonic EV Energy Co., and Toyota Motor Corp.
In addition, Cobasys LLC, a company co-owned by Energy Conversion and ChevronTexaco Technology Ventures LLC, will receive $20 million, according to documents...
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