article thumbnail

Freudenberg secures majority interest in Li-ion battery maker XALT Energy; full acquisition coming

Green Car Congress

Now, increasing demands for lithium-ion battery technology that specifically targets commercial vehicles as well as marine and rail applications has prompted Freudenberg to acquire a more than 50% share of the battery manufacturer. XALT Energy is also working with automotive OEMs, including Fiat Chrysler Automobiles, Ford Motor Co.

Li-ion 207
article thumbnail

GM Ventures invests in battery-electric bus company Proterra

Green Car Congress

General Motors Ventures LLC will invest $6 million in Proterra Inc., Proterra’s TerraVolt energy storage system consists of 54-72 kWh lithium titanate battery packs that recharge in 10 minutes using the company’s roof-mounted Fast Fill recharging system. Comparing fuel costs and fuel efficiency. Source: GM. Proterra Inc.

GM 225
article thumbnail

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

Production of nickel-cobalt-metal battery cells and packs, as well as production of battery separators (by partner Entek) for hybrid and electric vehicles. Production of manganese oxide cathode / graphite lithium-ion batteries for hybrid and electric vehicles. General Motors Corporation. DOE Award ($mil.).

Grant 317