Advanced Battery Technologies (ABAT), which recently acquired Wuxi Autocycle to break into the electric bike biz is providing some financial guidance for Wuxi with 3 year projections. ..
Wuxi currently has 4 production lines in operation with production capability of 100 vehicles per day per line but is currently operating at lower than 20% of total capacity.
For the period of May through December of 2009, the company believes Wuxi will contribute revenue of $35.0 … Read the rest
The government’s new fuel standards may give a life to BorgWarner and Johnson Controls, according to Chicago’s Daily Herald. The new mileage standards require automakers to raise the average efficiency of the vehicles they sell to 35.5 miles per gallon by 2016.
BorgWarner could benefit from these standards by selling its superchargers to give small, more efficient engines more power, while Johnson Control’s work in the field of lithium batteries could pay off as hybrids … Read the rest
Raser Technologies (RZ) popped nearly 20% today once news was released that it will showcase the 100 mpg Electric Hummer H3 at the US Capitol tomorrow at 2pm EST, allowing members of Congress to test drive the vehicle. No way I’d let Barney Frank get behind the wheel of the Hummer, let alone a riding lawn mower. At any rate, should be a good photo op for Raser which will supply the power train for … Read the rest
Yesterday MDB Capital downgraded EnerDel (HEV) from Buy to Hold based on valuation.
Hat tip to Street Insider
MDB analyst says, “We believe that the company is continuing to build a solid pipeline of potential customers including the possible reemergence of Think Global. This pipeline (including Fisker Automotive) will likely provide the company with significant revenue growth beginning in the back half of calendar 2009. We are maintaining our earnings model for calendar 2010 with … Read the rest
General Electric (GE) is out with news this morning that it’s going to invest $100 million to open a manufacturing plant in NY that will produce advanced batteries, including high energy density, sodium based batteries that will be initially used in GE hybrid locomotives. The goal is to begin producing new batteries in the new facility within 2 years.
Matthew K. Rose, Chairman, President and Chief Executive Officer of Burlington Northern Santa Fe Corporation, … Read the rest
EnerDel (HEV) is still a development stage company trying to become a lithium ion battery leader so it’s earnings results aren’t all that significant at this point. The company is still putting its plan in place and getting plants up and running.
“The first quarter was marked by continued execution against the strategic plan laid out in the fourth quarter earnings call,” commented Chairman and CEO, Charles Gassenheimer. “We have a clear focus for production, … Read the rest
The Fisker Karma, expected to be the first plug-in hybrid to hit the streets with a launch date in about one year may use Ener Del’s (HEV) lithium ion batteries if testing works out. The two companies have signed a letter of intent for a potential long term lithium ion battery supply agreement contingent upon reliability and performance testing. Fisker plans to build 15K vehicles per year and market them through and existing network of … Read the rest
Popular Mechanics selected UQM Technologies ‘ 125 electric propulsion system to power their Eco+Muscle hybrid Dodge Challenger R/T car. The project involved modifying a normal Dodge Challenger to include 2 separate powertrains: a combustion engine for highway use and an electric propulsion system for in-town use.
So, how did UQM’s electric motor perform? According to this story on Alternative Energy News, the mechanics that worked on the project were pleasantly surprised:
… Read the restThe Popular Mechanics article
The 35-foot Proterra electric bus, which is powered by a PowerPhase® 150 electric propulsion system from UQM Technologies, was able to reach over 20 MPGe in fuel economy equivalency testing. The testing, which was conducted by Pennsylvania State University, simulated three different travel situations: central business district, arterial and commuter.
In the tests, Proterra’s electric bus scored as follows:
Central business district: 21.35 mpg
Arterial: 17.55 mpg
Commuter: 29.23 mpg
In a press release, executives … Read the rest
This Friday at noon, Indiana Senator Evan Bayh will be an honored guest of EnerDel (HEV) at a ceremony marking the commissioning of the country’s first commercial scale production line for lithium-ion battery packs. To meet anticipated demand, EnerDel plans to expand the plant in Indiananopolis, pack assembly capacity at its Noblesville plant and may expand further through the purchase or construction of a 3rd plant. Anticipated annual production is currently in the neighborhood of … Read the rest