Unveiled at the 2011 Geneva Motor Show, the Courb-designed, Valence Technology-powered C-ZEN electric concept car arrived at the party packing a 15kW electric motor and one of Valence's patented lithium-iron-magnesium-phosphate (LiFeMgPO4) battery packs. Boasting an impressive range of 125 miles and a decent top speed of 68 miles per hour, the C-ZEN is targeted at urban dwellers, particularly of the younger generation, who reside in European cities.
Battery manufacturer Valence Technology has big plans to expand its manufacturing capacity. To help pay for the investment, the Austin, Texas-based company has applied for a $225 million grant from the U.S. Department of Energy through the Electric Drive Vehicle Battery and Component Manufacturing Initiative. Valence plans to put another $359.4 million from other state and local incentive programs into the project.
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