China BAK to Supply Li-ion Batteries for Electric Bus Project in China

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Ltd, an affiliated company of First Automobile Group Co., Ltd, one of the largest automobile manufacturers in China, to provide high-power lithium-phosphate batteries for use in its Electric Bus Project. It represents customers’ confidence in our products, and is a new and significant stage in China BAK’s product development. In February 2006, China BAK Battery formed a contract manufacturing partnership with A123Systems. China BAK Battery, Inc.,

GM Brazil to Invest R$2B in Expansion and New Line of Chevrolet Small Cars

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General Motors Brazil will invest R$2 billion (US$1.033 billion) to launch a new Chevrolet line of vehicles and to expand its plant in Gravataí, Rio Grande do Sul. The investment is the largest made by the company in its 84 years in Brazil. In 2005 and 2006, it received investments of about US$480 million, resulting in the launch of the Chevrolet Prism in October 2006 and the expansion of its production capacity to 230,000 vehicles per year.

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American Le Mans Series Introduces Green Dream Team

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The American Le Mans Series (ALMS) presented by Tequila Patrón unveiled its “Green Dream Team”, a collection of five drivers who will serve as ambassadors for its green racing initiatives. ALMS believes the announcement is the first of its kind in sports addressing the concerns of the global warming, the environment and reducing dependence on foreign fuels and energy sources. O’Connell has started more American Le Mans Series races than anyone in its history, 103.