Editing Texaco (section)

==Diversification==

The NiMH chemistry used in modern hybrid vehicles was invented by ECD Ovonics founder, Stan Ovshinsky, and Dr. Masahiko Oshitani of the Yuasa Company<ref>{{cite news |url=http://www.greencar.com/article/nickel-metal-hybrid-batteries/ |title=5 Things You Need to Know About Nickel-Metal-Hybrid Batteries |last=Olvera |first=Jennifer |date=July 3, 2008 |work=GreenCar.com |url-status=dead |archive-url=https://web.archive.org/web/20090126021744/http://www.greencar.com/article/nickel-metal-hybrid-batteries/ |archive-date=January 26, 2009}}</ref><ref>{{cite web|url=http://web.mit.edu/invent/iow/ovshinsky.html|archive-url=https://web.archive.org/web/20030417193400/http://web.mit.edu/invent/iow/ovshinsky.html|url-status=dead|archive-date=2003-04-17|title=Stanford Ovshinsky : Amorphous semiconductor materials|date=March 2000|work=Inventor of the Week}}</ref> In 1994, General Motors acquired a controlling interest in [[Ovonics]]'s battery development and manufacturing. On October 10, 2001, Texaco purchased GM's share in GM Ovonics, and [[Chevron Corporation|Chevron]] completed its acquisition of Texaco six days later. In 2003, Texaco Ovonics Battery Systems was restructured into [[Cobasys]], a 50/50 joint venture between Chevron and [[Energy Conversion Devices Ovonics|Energy Conversion Devices (ECD) Ovonics]].<ref>Roberson, J. (March 14, 2007) [http://oesa.org/publications/articledetail.php?articleId=6528 "Supplier Cobasys exploring more hybrid batteries"] {{webarchive|url=https://web.archive.org/web/20101205090036/http://oesa.org/publications/articledetail.php?articleId=6528 |date=2010-12-05 }} ''Detroit Free Press''</ref>