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.
Valence Technology Inc
- Domenick Yoney
- Dec 17, 2008
Lately, everything seems to be coming up roses for lithium battery maker Valence Technology Inc. Just days after winning out in a patent dispute with the University of Texas, the company announced a battery and support deal that could be worth up to $3 million with commercial vehicle company PVI. That company, which has an agreement with Renault trucks to develop some electrically-powered concept trucks and light commercial vehicles (like the Maxity pictured above), will use Valence's lithium ph
- Cars that are the most likely to be in accidents
- Why you should consider a certified used car
- Find and compare 2017 Models