We've long given up on waiting for announcements from EEStor (and, to a lesser degree, their partner ZENN
) to come true. But, with the latest move by ZENN to drop their plans
to launch the cityZENN high-speed electric car
and will instead focus on becoming a supplier of ZENNergy Drive electric vehicle
drivetrain components – ZENN's low-speed vehicles (pictured) have also been curtailed – the reality is that ZENN and EEStor are tied at the hip. As our friend Darryl Siry writes over at Autopia
points out, the bond between these two companies means that speculative investors have raised EEStor's value to more than $1.5 billion. That's a huge chunk of change for a company that hasn't allowed independent media verification of its claims for the ultracapacitor technology that supposedly can move an electric car 300 miles on a charge and recharges quickly. Head on over to Autopia
to see how ZENN's stock price is driving up the value of EEStor, but isn't shining a light on what is actually happening over there.