1 Articles
1 / 1
14Smith Electric finds $42 million lifeline in Sinopoly Battery Limited

It looks like electric delivery truck maker Smith Electric Vehicles is getting plugged back in this summer. The Kansas City, MO-based company, which halted production last year, is getting a $42-million equity investment from Hong Kong-based lithium-ion battery maker Sinopoly Battery Ltd. The catch, of course, is that Sinopoly will be the exclusive battery supplier for Smith and its Newton trucks. But that's certainly better than a sharp stick in the eye.

1 / 1