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22 05 2019 02

The newly founded company, American Battery Solutions (ABS), which claims to be worth 50 million dollars, is announcing its arrival. ABS has signed a purchase agreement with Robert Bosch Battery Systems for test and production equipment and will take over the assembly plant of the Bosch subsidiary in Springboro, Ohio as well.

American Battery Solutions emerged from engineering, testing and manufacturing services enabled by an agreement to acquire of high-voltage manufacturing and testing assets from Robert Bosch Battery Systems. The terms of the sale will not be disclosed.

Under the proposed agreement with Robert Bosch Battery Systems, ABS will acquire the testing lab assets and will lease 40,000 sq. ft. space for prototype battery pack assembly and offices located in Lake Orion, Michigan. Also, ABS will acquire 172,000 sq. ft. facility located in Springboro, Ohio, where Robert Bosch Battery Systems has assembled lithium-ion battery packs for use in the automotive industry since 2009.

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