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PRTM Analysis Finds Li-ion Battery Overcapacity Estimates Largely Unfounded, with Potential Shortfalls Looming; Total Market Demand in 2020 Will Require 4x Capacity Announced To Date

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PRTM concludes that the large format Li-ion battery market could be under-supplied by nearly 10% by 2016. PRTM’s assessment, based on what it called a thorough review of the operational market dynamics, found the following: Under a “Most Probable” scenario, battery manufacturing capacity will hit a shortfall by 2016.

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Li-ion manufacturer Ener1 files pre-packaged Chapter 11 bankruptcy

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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.

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Report: Li-ion Startup Imara Ceases Operations

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Greentech Media reports that lithium-ion startup Imara has ceased operations, due to a lack of funding. “It certainly did not help that hundred of millions in DOE stimulus funds went to two Korean companies and one French company, Saft,” wrote Neal Maguire, vice president of business development. Earlier post.).

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

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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. Coda Automotive is currently safety and durability testing its Hafei-built all-electric highway sedan for the mass market. Earlier post.).

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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. The Latin American market will be driven largely by uptake in Brazil, but other countries will also spur adoption, notably Uruguay which recently indicated it.

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National Alliance for Advanced Transportation Batteries Opts for Kentucky Site for Li-ion Plant

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The National Alliance for Advanced Transportation Batteries (NAATBatt) ( earlier post ) has selected a site in Hardin County, Kentucky to build a more than $600-million automotive lithium-ion battery plant. Kentucky was selected over Texas, Illinois, Kansas, Missouri, New York, Pennsylvania and South Carolina.

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Novolyte Technologies and Foosung Form JV for Li-ion Electrolytes

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Novolyte Technologies, a leading manufacturer and supplier of specialty electrolyte materials for lithium-ion battery and energy storage applications, high performance solvents and other specialty chemicals, has signed a definitive agreement with Foosung Co., Novolyte received in 2009 a $20.6-million Novolyte received in 2009 a $20.6-million

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