ener1

Ener1, a maker of lithium-ion batteries for electric-drive vehicles and a major investor in now-bankrupt electric-vehicle maker Think, has gone bankrupt itself. Ener1, which was also making batteries for the Norwegian automaker, said late last week that as much as $81 million in debt will be ...

Looks like things that were bad with Ener1 (and the Think City electric car) are about to go to worse. After a string of bad news (see here, here, here and here), the latest shoe to drop is the news that the NASDAQ suspended Ener1 from the stock exchange. The fight has apparently gone out of ...

When electric vehicle maker Think filed for bankruptcy last spring, it owed millions of dollars to EnerDel subsidiary Ener1. Ener1 was also a major investor in Think and a lot of the company's worth was tied up with the Norwegian EV maker. Any way you slice it, Think's failure put Ener1 in a ...

The bankruptcy of Think Global is dragging Ener1 down even more, so an executive shake-up, it seems, is in order. Ener1 announced changes to its senior leadership team this week, including the resignation of Charles Gassenheimer, the man formerly in charge as the Chief Executive Officer of ...

Ener1, a pioneer of lithium-ion batteries for plug-in vehicles, has warned that it might not have sufficient funds to remain operational as a result of losses from its investment in Think Global, a Norwegian automaker that declared bankruptcy in late June. In a regulatory filing on Tuesday, New ...

Ener1 may have ended its deal with Think, but it looks like the company has found a place to use some of its lithium-ion batteries after recently reaching a supply and distribution agreement with Lightning Motorcycles. In this agreement Lightning Motorcycles will use Ener1's batteries in both ...

In its latest report, Lux Research ranks lithium-ion battery manufacturers and makers of ultracapacitors on its Lux Innovation Grid, a proprietary framework that supposedly assesses the relative performance of companies, ...

When Ener1 abruptly ended its four-year-long deal with Think Global, saying that its investment was "impaired," we had reason to worry. Now comes word that the struggles continue to mount at Think Global and that the automaker has filed for bankruptcy. Again. According to a statement released by ...

In mid-April, Valmet Automotive halted production of the electric Think City. At the time, a Think spokesperson told us that:

Back in October of 2007, Ener1 and Think Global inked what was hailed as the largest contract for lithium-ion batteries in automotive history. Under terms of that agreement, Ener1 was to deliver li-ion prototype packs to Think in March 2008 and pre-production packs in July 2008. Once those ...