INNER MONGOLIA — Energy Conversion Device Inc. receives government approval to form a joint venture between its subsidiary, Ovonic Batter Co. Inc., and Rare Earth High-Tech Co. Ltd. of Baotou Steel Co., in China's Inner Mongolia. Ovonic Battery will supply US$100 million to the nickel metal hydride battery-making JV. The JV, named Rare Earth-Ovonic Metal Hydride Co. Ltd., will begin construction on its first production facility in August. The project calls for Ovonic Battery to supply ...
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