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    lithium investing

    Johnson Controls Ends Saft Joint Venture

    Investing News Network
    Sep. 07, 2011 04:39PM PST
    Battery Metals

    Zacks reports that Johnson Controls Inc. (NYSE:JCI) ended the 5-year joint venture with French battery maker Saft Groupe SA by acquiring its share for $145 million in cash.

    Zacks reports that Johnson Controls Inc. (NYSE:JCI) ended the 5-year joint venture with French battery maker Saft Groupe SA by acquiring its share for $145 million in cash.

    The market news is quoted as saying:

    The Johnson Controls-Saft Advanced Power Solutions joint venture was formed in January 2006 to develop, manufacture and sell lithium-ion batteries for hybrid and electric vehicles.

    Click here to access the entire news

    lithium investingnyse:jcijoint venture
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