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Valence Applies for $225M in DOE Funds for Advanced Battery Production Facility

Green Car Congress

submitted a grant application requesting $225 million to the US Department of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative. This initiative supports the construction of facilities to manufacture advanced battery technology components for electric vehicles. Valence Technology, Inc.

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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

Green Car Congress

In its most recent 8K filing with the Securities and Exchange Commission (SEC), Li-ion battery maker A123 Systems said a number of circumstances have raised “ substantial doubt on [its] ability to continue as a going concern.”. A123 Systems has been the recipient of a number of state and federal grants and tax incentives.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Postal Service Minivan - Click above for high-res gallery Chrysler is celebrating Earth Day today by unveiling the first four of what will be a fleet of 250 battery-powered minivans for the U.S. However, the electric drive portion of the vehicles, including the motor, electronics and A123 System lithium ion battery pack is identical.

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