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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S. — David Vieau, CEO of A123.

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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Wanxiang’s proposed investment in A123 is intended to create the capital structure necessary for the company to continue growing its core businesses, and alignment with Wanxiang is also expected to substantially strengthen A123’s access to the growing vehicle electrification and grid-scale energy storage markets in China.

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Car Companies Standardize Plug for Electric Vehicles : Gas 2.0

Tony Karrer Delicious EVdriven

Cornell Tweet This Post Tags: BMW , electric vehicles , Fiat , Ford , General Motors , plug-in , Toyota , Volkswagen You might also like: 9 Electric Cars 100 Years Old or More The Chinese BYD F3DM, First Mass Produced Electric Car, Fails with Consumers GM Ditches Volt for Geo Metro Hybrid? is a Green Options Media Production.

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MIT Battery Breakthrough Could Revolutionize Electric Cars : Gas 2.0

Tony Karrer Delicious EVdriven

ultra You might also like: Car Companies Standardize Plug for Electric Vehicles 9 Electric Cars 100 Years Old or More The Chinese BYD F3DM, First Mass Produced Electric Car, Fails with Consumers GM Ditches Volt for Geo Metro Hybrid? is a Green Options Media Production.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Chrysler LLC and A123Systems signed an agreement stating that A123Systems will supply energy storage systems for Chryslers first-generation ENVI Range-extended Electric Vehicles and battery-only Electric Vehicles. Based in Watertown, Massachusetts, A123Systems has announced plans for a Michigan-based production facility.

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