Lithium-ion battery manufacturer Ener1, Inc., has sold $25 million worth of senior unsecured notes, common stocks and warrants to raise funds to continue expanding its U.S. production capabilities. Ener1 will combines the $25 million with money received under a federal stimulus grant from the U.S. Department of Energy to support its ambitious goal of substantially increasing its annual output of lithium-ion batteries.
The crew at Green Car Advisor recently got an opportunity to try out one of the latest-generation Think City electric vehicles shortly after it landed in the United States. This latest version is equipped with a new Enerdel lithium ion battery in place of the old Zebra battery. The American-made battery has a capacity of 25 kilowatt-hours, which gives the Think a nominal 100-mile range on a charge.
Norwegian electric vehicle builder Think has finally launched production of the lithium-ion battery version of its City EV. The 22 kilowatt-hour battery pack is being supplied by Indiana-based Enerdel which owns an equity stake in Think. Enerdel is now in full volume production of the new battery pack which, should allow Think to ramp up vehicle production and expand into continental Europe and then the United States later this year.
EnerDel Inc. announced plans to open li-ion battery plants in both China and Europe in an effort to triple its battery production by the end of 2011 and meet the expected demand of new partnerships. Though the company currently holds deals with just two automakers (Think and Volvo), it plans to announce two additional customers by the end of the year, one hailing from Europe and the other from Asia.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models