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CODA Holdings raises $76M in Series D initial closing; support for CODA electric vehicle and Li-ion battery JV with Lishen

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CODA Holdings, a developer of Lithium-ion battery systems and all-electric vehicles, announced the initial closing of a Series D preferred investment round totaling $76 million, bringing the company's total invested capital to more than $200 million. billion Ah of energy storage (4.4 million kWh) of energy storage. million kWh).

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Vattenfall contracts with BMW for up to 1,000 new 33 kWh Li-ion batteries this year for storage projects in wind farms

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Vattenfall and the BMW Group have signed a contract for the delivery of up to 1,000 lithium-ion batteries this year. The batteries—each with a capacity of 33 kWh—are equipped with a BMW-owned battery management system and are also used by the car manufacturer in the BMW i3. Earlier post.). Earlier post.).

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Toshiba Partnering with Mitsubishi To Develop Li-ion SCiB Battery Systems for EVs

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The SCiB is Toshiba’s rechargeable lithium-ion battery that combines high levels of safety with a long life and rapid recharging. Toshiba will produce SCiB for industrial applications, including EV and power storage, at Kashiwazaki Operations, a new facility in Niigata prefecture that is slated to start production in 2011.

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Toshiba to Build a Second Li-ion SCiB Production Facility in Japan; Initial Cells and Modules for EVs

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In spring 2011, the plant will start to produce SCiB cells and modules for application in battery-powered electric vehicles (EV). Construction is scheduled to start in April 2010, with a completion date of October 2010. The company aims to achieve net sales of ¥200 billion (US$2.2 billion) from the SCiB business by fiscal year 2015.

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CODA Automotive Battery Joint Venture Secures $394M of Committed Capital for Expansion

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The capital will enable the company to rapidly industrialize the all-electric CODA car’s power system for commercial volume production and support its ability to mass manufacture transportation and utility power storage battery systems. Earlier post. To date, CODA has raised in excess of $100 million in capital.

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A More Detailed Look at a Prismatic Li-ion Cell and Pack Manufacturing Process

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In January, EnerDel hosted a group of journalists at its Indiana facilities and provided a plant tour showcasing its cell manufacturing and pack assembly processes. The lithium-ion version of the THINK vehicle will have 384 cells in its 25 kWh battery pack and a range of more than 100 miles. Li-ion Battery Basics.

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Coda Automotive to Bring China-Built Electric Mid-size Sedan to California Market in 2010; New JV with Lishen for Automotive Li-ion Systems

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Ltd., ( Lishen ) for lithium-ion batteries used in the Coda, announced the establishment of a global joint venture with Lishen to design, manufacture and sell transportation and utility power storage battery systems. Manufacturing. Coda will own 40% of the JV, with Lishen holding 60%. The Coda sedan.

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