Johnson Controls wants to dissolve battery JV with Saft

Johnson Controls has filed a lawsuit in the Delaware Chancery Court to dissolve the Johnson Controls-Saft joint venture which was formed in 2006 to develop and manufacture lithium-ion motive battery solutions.
April 25, 2012 Read time: 1 min
764 Johnson Controls has filed a lawsuit in the Delaware Chancery Court to dissolve the Johnson Controls-2182 Saft joint venture which was formed in 2006 to develop and manufacture lithium-ion motive battery solutions.

"Johnson Controls and Saft have a fundamental disagreement about the future direction and appropriate scope of the joint venture," said Alex Molinaroli, president, Johnson Controls Power Solutions. "The industry is evolving rapidly and the investments needed to achieve market leadership require us to do more than the joint venture has done or can do."

Johnson Controls believes that as vehicle power train technologies continue to evolve and new markets emerge for advanced batteries, the company must have access to multiple alternative technologies and be able to flexibly participate more broadly across the energy storage space.

"This action reaffirms our strategic commitment to the advanced battery industry," said Molinaroli.

The filing does not affect Johnson Controls-Saft's current contracts, production orders or programme launches.

For more information on companies in this article

Related Content

  • Kapsch ‘opens the way’ to interoperability
    July 30, 2013
    Richard Turnock, chief technology officer of Kapsch TrafficCom North America explains what advantages its newly-opened TDM protocol can offer as a US-wide standard for tolling interoperability. The electronic tolling industry across the United States is evolving. Historically it was characterised by clusters of interoperability where a motorist may be able to use the same transponder across a large area, such as the 15-State E-ZPass system, or be confined to a single State system. Now, however, the industry
    Read More
  • Transport problems need ''strong action from policymakers”
    June 7, 2012
    Taking advantage of the attendance of the heads of ITS Asia-Pacific, ITS America, Ertico – ITS Europe, and ITS Malaysia as the host nation of the recent 12th ITS Asia-Pacific Forum in Kuala Lumpur in April, ITS International initiated a round table discussion on the big ITS issues confronting the individual regions. For such a diverse collection of advanced and emerging nations spanning the globe, in terms of the advancement of ITS, a common single issue emerges above all others
    Read More
  • ITS investment on upward curve
    August 17, 2022
    More money is coming into the ITS sector – but where is it likely to go next? And what are the pros and cons of all this cash? Adam Hill talks to ITS veteran and corporate investment adviser Greg McKhann
    Read More
  • Grey areas: who's legally responsible for C/AVs?
    October 22, 2018
    Connected and autonomous vehicles are an exciting development in the ITS sector – but amid the hype some big questions about their deployment remain unanswered, finds Ben Spencer Connected and autonomous vehicles (C/AVs) have the potential to change the way we travel - and to eliminate road fatalities. But policy makers and regulators will need to ensure user and public safety is included in future planning. The legal and insurance industries will have to catch up, too. For example, questions over who is
    Read More

Highlighted Content