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ELECTRONICS | Electrical Product Distribution / Power Generation & Storage

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Stage

Acquired | Acquired

About MAHY E-Cell

MAHY E-CELL is a joint-venture platform created by Magna International and HHI Battery Co. to co-develop and grow a successful battery cell and battery pack business.

MAHY E-Cell Headquarter Location

Ulsan,

South Korea

Latest MAHY E-Cell News

Former Dow Kokam acquires assets of MAHY E-Cell from Magna and Hyundai

Jan 22, 2014

Former Dow Kokam acquires assets of MAHY E-Cell from Magna and Hyundai 21 January 2014 XALT Energy, LLC (formerly known as Dow Kokam) has acquired the assets of MAHY E-Cell, a joint venture between Magna International of America, Inc., a subsidiary of Magna International Inc. (Magna) of Canada and HHI Battery Co, Ltd., a subsidiary of Hyundai Heavy Industries (HHI) of South Korea. In exchange for their contribution of MAHY E-Cell’s assets and a cash investment into the joint venture, Magna and HHI received a minority interest in MBP Investors, LLC, the majority owner of XALT Energy. Hyundai and Magna formed MAHY E-Cell in 2012 as a platform to co-develop and grow a battery cell and battery pack business. Under that agreement, HHI and Magna E-Car were to conduct joint engineering, design, development and testing activities with the goal of preliminary validation of battery cell and battery pack technologies for electric and hybrid electric vehicle applications. Located at the Midland Battery Park in Midland, Michigan, XALT Energy was rebranded on 22 November 2013 when The Dow Chemical Company sold its interest in Dow Kokam to MBP Investors, LLC, an affiliate of Townsend Ventures, LLC. ( Earlier post . ) Townsend Ventures was a founding owner of Dow Kokam and now holds a majority interest in XALT Energy. In addition to MAHY E-Cell announcement, XALT Energy has already increased jobs at the Midland Battery Park by more than 10% in the past six weeks and intends to add additional jobs in the first quarter of 2014.

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Expert Collections containing MAHY E-Cell

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MAHY E-Cell is included in 2 Expert Collections, including Energy Storage.

E

Energy Storage

214 items

This collection includes electric vehicle batteries, batteries to store energy in, and consumer electronics.

A

Auto Tech

822 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

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