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Lithium-Ion Battery Maker Ener1 Receives $20M Strategic Equity Investment from ITOCHU

Green Car Congress

ITOCHU, which began its strategic relationship with Ener1 in 2003, purchased 3.2 million shares of common stock from Ener1 at a price of $6.18 Earlier post.). Separately, EnerDel has active relationships underway with automakers Think, Volvo, Mazda, Nissan ( earlier post ) and Fisker ( earlier post ). Earlier post.).

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

A chemist and government researcher, Wang raised some $300,000 from relatives, rented about 2,000 square meters of space, and set out to manufacture rechargeable batteries to compete with imports from Sony and Sanyo. Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct.

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