It’s being announced this morning that electric car manufacturer ZAP (OTC:ZAAP) will offer extended ranges and more vehicle power by incorporating Advanced Battery Tech’s (ABAT) large-format polymer lithium-ion battery technology. The company expects to use the technology in its popular line of Zappy3 electric scooters initially, then incorporate into other vehicles later. The battery may play an important role in ZAP’s extended range pickup, the shuttle van and the Alias roadster, offering better performance … Read the rest
Tag Archives: lithium ion battery
Altair Nanotechnologies (ALTI) Ships 40 Lithium Ion Batteries to US Army
Altair Nanotechnologies (ALTI) is announcing this morning it has shipped 40 advanced lithium ion battery systems to the US Army as part of a testing program to improve performance reliability and safety of the M119 gun batteries. The testing is expected to continue through the summer. If the tests are successful, Altair’s batteries could be used in a wide array of other military applications.
“Altairnano’s advanced battery systems exhibit the widest operating temperature ranges and … Read the rest
Advanced Battery Tech (ABAT) Misses Estimates: "Difficult to Match 08 Growth in 09"
Advanced Battery Tech (ABAT), which manufacturers lithium ion batteries for cell phones, computers and electric cars continues to report revenue and earnings growth in a tough environment but wasn’t able to match analyst expectations last quarter. The company reported earnings of .06/share in the 4th quarter, missing estimates by .02/share on revenues of 10.7 million. Revenues increased by 42% in 2008 over 07 levels, but that growth decelerated every quarter culminating in just 4% growth … Read the rest
US Govt To Sponsor A Lithium Ion Battery Alliance To Escalate Development
This is great news for the advancement of electric vehicles. Fourteen US companies have formed an alliance with a government laboratory called the National Alliance for Advanced Transportation Battery Cell Manufacture with the goal of the advancement of lithium batteries. The fragmented US battery industry has had a difficult time keeping up with their Asian counterparts. As battery consultant Ralph Brodd says, “(Other) countries understand that he who makes the batteries will one day make … Read the rest
Ener1 (HEV) Secures $30 Million Credit Line, Says Shipment to Th!nk On Schedule
Ener1 (HEV), the lithium battery maker who is a supplier for Th!nk electric vehicles of Norway has indicated it’s secured a $30 million line of credit from its principal investor, Ener1 Group that will keep the company fully funded through 2009. Terms of the financing are still being finalized. The company has also confirmed that it remains on schedule to deliver its lithium ion batteries to Th!nk electric which will begin selling its vehicles commercially … Read the rest
Ener1 (HEV) In Partnership With Department of Energy
Ener1 (HEV) is announcing an important relationship with a heavy duty OEM manufacturer and the Department of Energy to develop lithium ion batteries for hybrid buses and other heavy duty vehicles. It’s not a big deal in terms of monetary compensation at just 1.25 million, but it’s a clear vote of confidence in Ener1 (HEV) which will test their battery technologies under a variety of real world conditions.
“Ener1 has some of the world’s leading … Read the rest
Ener1 (HEV) Narrows Loss, Approaches Commercial Launch of EnerDel Battery
Ener1 (HEV), a development stage company in the business of lithium-ion batteries for plugin hybrid autos reported a narrow loss than in the year ago quarter with an EPS of -.08, compared to -.16. Revenues nearly doubled over the year ago quarter to $39K.
Some highlights from the quarter:
– received a purchase order to deliver 2 prototype plug-in hybrid lithium-ion battery packs in Feb 09 to a major European auto maker. HEV will also … Read the rest