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China-Based Holding Company to Invest $48.9M in Altair Nanotechnologies for 51%; China Battery Deals

Green Car Congress

million in proceeds to fund the contemplated establishment of a lithium-titanate manufacturing facility in China and Altair’s working capital requirements and operations in the United States. million for lithium-titanate at the time of signing; Altair is committed to ship 20 metric tons of this material prior to year-end.

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

billion in grants to US-based manufacturers to produce batteries and their components and to expand battery recycling capacity; $500 million in grants to US-based manufacturers to produce electric drive components for vehicles, including electric motors, power electronics, and other drive train components; and. Indianapolis, IN.

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