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Li-ion manufacturer Ener1, Inc. million in federal grant funding under the stimulus package. million in federal grant funding under the stimulus package. has initiated a pre-packaged Chapter 11 bankruptcy case to implement a restructuring plan agreed on by its primary investors and lenders.
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. Long-standing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated. '.
This latter development is due as much to the fact that developed bus markets may experience a general slowdown, due to austerity measures and the end of stimulus funding, as to any changes in demand for electric drive. Europe is behind on hybrid bus deployments, although stimulus. grants to offset the price premium.
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. Ah Li-ion iron phosphate cell for Coda sedan. one of largest suppliers of lithium-ion batteries in the world. Earlier post.).
The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones.
a provider of next-generation lithium-ion battery cells, modules and systems ( earlier post ), has entered a multi-year agreement to provide lithium-ion battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Boston-Power, Inc., Earlier post.).
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. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing. Earlier post.).
As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. Overall, Ener1 reported 2008 revenues of $6.8 million compared to $280,000 in 2007.
The XR Extended Range product, using NMC Li-ion cells, allows longer distances between charge events. Moreover, the contract seeks to match and qualify contract users with federal grant and/or stimulus funds. Fast charge configured buses can also be charged in-depot to take advantage of off-peak charging times.
million federal stimulusgrant to build electric trucks. 80 kWh Li-ion pack. The eStar all-electric truck transitioned from concept to reality in August 2009, when President Barack Obama visited Navistar’s manufacturing plant in Indiana to announce a $39.2 e-Star Quick Specs. 70 kW, 300 N·m (221 lb-ft) motor.
The FCCC electric WIV also marks the first commercial vehicle application of a Tesla Motors Li-ion battery pack, which provide up to a 100-mile driving range on a single charge. FCCC initiated our all-electric project well before stimulus money and federal grants were available for alternative-power transportation projects.
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