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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

Li-ion maker A123 Systems, Inc. Over the weekend, A123 filed a response to various objections that have been raised by Wanxiang, Fisker and others pertaining to the Chapter 11 proceedings, particularly with regard to the proposed bid procedures and process. Earlier post.). The financing supplements the pre-petition $22.5

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Electra Vehicles CEO Attends Automobili Estrema’s Fulminea Launch with EVE-Ai™ 360 Adaptive Controls

Electra Vehicles

Electric car entrepreneur Gianfranco Pizzuto, who in 2007 was a co-founder and investor at Fisker Automotive, founded the company in 2020. Their first hypercar model, the Fulminea, will be the first street legal electric vehicle to use a hybrid battery pack that combines ultra-capacitors with ABEE’s Li-ion solid state cells.

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How to Get a Plug-In Hybrid

Tony Karrer Delicious EVdriven

As for warranties , there is legal precedent that original auto warranties cannot be voided completely by modifications — only the part(s) affected by retrofit will have their warranties affected. We will have similar solutions available for better (but more expensive) nickel-metal hydride or lithium-ion batteries.)

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