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Chungbuk


Ener1 get factory, engineering help with acquisition of Enertech Intl

Ener1, the company behind Th!nk battery supplier, Enerdel, has just bought an 83 per cent majority stake of conveniently-named Enertech International. The South Korean lithium-ion battery maker was part of the Saehan Group, which was spun out of the Samsung Group. The company has a facility in Chungbuk that could produce 15,000 automotive battery packs a year. It had $60.9 million in revenue in 2007 from sales of batteries for laptops and cellphones. Ener1 believes the move will give them a "beachhead" to supply Asian car makers with energy ... Read more →

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