enerdel

Remember when the U.S. capital of RV production, Elkhart, IN was going to escape the doldrums that the decline of the motor home industry brought on by shifting over to building electric cars? Not so fast. As NPR reports, rising demand for RVs has helped boost employment in Elkhart, IN, while the ...

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 ...

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 ...

MotoCzysz has convincingly won the TT Zero on the Island of Man with its just-completed 2011 version of the E1pc. Piloted by Michael Rutter, the bike crossed the finish line after taking just 22 minutes and 43.68 seconds to complete the 37.733-mile course. He was closely shadowed for much of the ...

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 ...