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Al Yousuf, based in the United Arab Emirates, is a large company with holdings in the automotive, computer and boat industries. Late last week, the company announced it would expand its green car tech investments by buying 8 million shares of common stock of Altair Nanotechnologies Inc. Al Yousuf now owns about 21 percent of Altair, up from 14 percent before the purchase. In May, the Al Yousuf Group bought $475,000 of Zap's convertible debt, and Al Yousuf LLC's Eqbal Al Yousuf is chairman of the

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Altair Nanotechnologies announced this week that the new lithium titanate battery it is developing for the U.S. Navy has completed its 500th full depth cycle and, perhaps somewhat surprisingly, lost just one percent of its total capacity. The Navy (thanks to U.S. taxpayers) is paying Altair $2.5 million for these batteries. While not destined for any vehicles, the Navy's goal with the battery program is to reduce dependency on expensive jet fuel used in back-up turbines and, through that, to red

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It appears that along with re-engineering the powertrain of their upcoming electric vehicles Phoenix Motor Cars has decided to hedge their battery bet. Phoenix was the first company to commit to using Altairnano's lithium titanate batteries in an automotive applications. However Canadian battery supplier Electrovaya announced the other day that they would be supplying battery packs to Phoenix. The obvious question is what becomes of Altairnano? According to Phoenix Marketing VP Bryon Bliss, the

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