ener1

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 ...

Battery maker Ener1 has reportedly fired its chief operating officer and EnerDel president, Richard Stanley. Stanley's April 8th termination was apparently disclosed in a Securities and Exchange Commission filing made by Ener1 last Wednesday. Stanley's departure came shortly after Ener1 announced ...

Ener1, Inc. has named Christopher Cowger, former corporate vice president and general manager for semiconductor firm Advanced Micro Devices (AMD), as chief executive officer of its lithium-ion battery subsidiary EnerDel. Cowger was also appointed as president of Ener1. The positions of president ...

A trial fleet of around 400 Volvo C30 Electrics is coming, and anyone who wants one had better have an awful big piggy bank. Speaking at a media launch near Indianapolis, IN today, the president of Volvo Car Special Vehicles, Lennart Stegland, said that, while the final price for the car hasn't ...

U.S.-based Ener1 has signed a lithium-ion battery deal with China's Wanxiang Electric Vehicle Co., Ltd. Terms of the agreement, technically a joint venture (JV) with Wanxiang holding a 60 percent stake and Ener1 40, call for both firms to co-manufacture lithium-ion cells and complete battery packs ...

Lithium-ion battery manufacturer Ener1, Inc., has sold $25 million worth of senior unsecured notes, common stocks and warrants to raise funds to continue expanding its U.S. production capabilities. Ener1 will combines the $25 million with money received under a federal stimulus grant from the U.S. ...

Ener1 has just added two new entries to its growing customer roster, and the products couldn't be much more different. Hyundai Heavy Industries (HHI) has need of the company's EnerDel battery packs to power new buses while Toro, the lawnmower people, are seeking somewhat smaller units for, well, ...

EnerDel is going to China. The Indiana-based lithium-ion battery company announced yesterday it will start a new joint venture with Wanxiang's electric vehicle division. Wanxiang, a company EnerDel calls the "largest auto parts supplier to the Chinese car industry," already works with companies ...