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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

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Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

Located in the Shanghai Corridor and scheduled for completion by the end of 2012, the facility will be capable of producing 400 MWh of lithium-ion battery cells annually. Concurrently, Boston-Power is establishing an R&D and EV battery engineering facility in Beijing.

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. Mark Little, GE’s Senior Vice President and Director GE Global Research, will join A123Systems’ board of directors. GE will develop the dual battery energy storage system.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. Developments that were negative for global gasoline demand included : Rapidly falling lithium-ion battery prices, and steepening expected cost reduction curves for both batteries and electric drive components. Click to enlarge.

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Yardney and Coda Automotive Form JV for US Automotive Li-ion Systems Production; Lishen Expected to Participate

Green Car Congress

34 kWh battery pack for Coda sedan. and California-based Coda Automotive have entered into a joint venture (Coda Battery Systems LLC) to design, manufacture and sell automotive-grade, lithium-ion battery systems in the United States. one of largest suppliers of lithium-ion batteries in the world. Click to enlarge.

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation. Tags: China Electric (Battery).

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When Will EVs Hit Primetime?

Revenge of the Electric Car

Still, Chinese auto-makers hesitate to mass-market their electric models domestically. Chinese green-car subsidies on hold. The uncertainty surrounding Chinese demand for electric cars is tied to subsidies, Mr. Yang says. The firm eTec got $100 million in funding from the US Department of Energy through the stimulus bill.

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