Continental buys into Enax, a Japanese battery company
Based in Tokyo, Enax was founded twelve years ago and is an independent think tank that has been working on li-ion automotive batteries for over ten years. The company has over 80 employees and had sales of $10.5m U.S. in 2006. Conti also works with A123 Systems on batteries for the Chevy Volt and with Controls-Saft Advanced Power Solutions.
[Source: Automotive News Europe (subs req'd)]
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