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Saft Confirms Location for Li-ion Battery Factory in Jacksonville, Florida

Green Car Congress

Following receipt of a $95 million grant from the US Department of Energy under the American Recovery and Reinvestment Act and successful negotiations between Saft, the state of Florida, and the city of Jacksonville, construction will soon begin in Jacksonville for a lithium-ion battery factory.

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Saft to Raise Approximately 120M to Fund Li-ion Plants in US

Green Car Congress

Saft remains very focussed on its exciting medium term growth prospects, with high performance Li-ion batteries and is delighted that its projects have been chosen by the US Government to receive grants to build new factories in North America. Jacksonville. reduction in Q3 sales year-on-year to €123.2

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Saft aiming for lithium-ion plant funding

Green Cars News

Depending on market conditions, Saft hopes to raise approximately €120million by way of preferential subscription rights to fund a lithium-ion battery plant in Jacksonville, Florida, a lithium-ion hybrid and electric battery plant in Holland, Michigan, and to reinforce its financial flexibility.

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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

The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Companies and universities in Michigan are receiving more than $1 billion of the grants. Companies and universities in Michigan are receiving more than $1 billion of the grants. A123 Systems, Inc.

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

Jacksonville, Fla. GM will launch the Chevrolet Volt extended range electric vehicle in 2010, expects to have 14 hybrid models in production by 2012, and will have 65% of vehicles alternative-fuel capable by 2014. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% Close: Dec 2010.

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