Now we know why EnerDel and Fisker broke off discussions about working together. Fisker wanted to work with A123 Systems (AONE). This morning the companies announced a multi year deal in which A123 will supply the lithium batteries for the Fisker Karma to be launched later this year. The relationship won’t end there. A123 will also invest as much as $23 million in Fisker and collaborate on the Fisker Nina, which is the all … Read the rest
Category Archives: Lithium Batteries
Ener1 (HEV) Plunges After Discussions With Fisker Break Down
Back in May we reported that Fisker was in talks with EnerDel to discuss the possibility of using their lithium batteries, but apparently those talks have now ended. The two companies signed a letter of intent for a potential long term deal that was contingent upon reliability and performance testing, so this is certainly a blow to EnerDel and the stock is down 17% on the news. The company will still be the supplier for … Read the rest
Valence Technology (VLNC) Surges Back Above Buck On $3 Million Battery Order
Valence Technologies (VLNC) surged back above a buck today on a $3.1 million lithium battery order from Smith Electric Vehicles.. now if the company could just get an order from a company other than Smith, then I’ll get interested. Valence provides both batteries and charging systems to Smith Electric for both the Smith Edison and Smith Newton electric vehicles which are apparently big in Europe.. just like the Hoff (David Hasselhoff that is 🙂 Delivery … Read the rest
Nissan Selects Aerovironment (AVAV) For LEAF Electric Vehicle Charging Stations
Aerovironment (AVAV) is seeing some upside movement with volume after it was announced that Nissan has selected the company to provide its electric car home charging stations and installation services to support the upcoming launch of the LEAF in about one year. The Nissan branded AVAV charging stations will be available for an additional “charge” with AVAV’s network of electricians offering installation assessment and services. The charging stations will produce a full charge in about … Read the rest
Advanced Battery (ABAT) Providing Apple (AAPL) Tablet PC Battery?
Rumors continue to swirl around Advanced Battery (ABAT) providing the battery for the Apple (AAPL) tablet PC. The stock was up about 10% yesterday and is ramping up another 10% this morning in premarket trading. Briefing.com first reported the rumor yesterday around 11AM EST and the stock begin to move up with big volume, closing the day near the highs with record volume. It’s adding to the gains following a breakout from a cup with … Read the rest
Kandi Technologies (KNDI) Forms Electric Vehicle Partnership To Speed Adoption In China
Kandi Technologies (KNDI) is surging about 15% in premarket trading today after announcing it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power (aka “Alliance For Chinese Electric Vehicle Development and Commercialization”) to speed up the commercialization and adoption of electric cars in China.
Kandi which specializes in the manufacturing of electric vehicles and other non traditional vehicles spearheaded the new alliance and has support of the government. CEO Xiaoming Hu commented, … Read the rest
China’s Renewable Energy Revolution Has Only Begun
By Sam Hopkins of GreenChipStocks.com
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With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest
Altairnano (ALTI) Falls Below NASDAQ’s Minimum $1 Share Price
Altairnano just announced that it has received notice from the NASDAQ stock exchange it is in violation of Rule 5550(a)(2) because its stock price fell below a $1.00 from November 9 through December 1st.
The company has a 180-day grace period to bring its share price back up above $1.00 for at least 10 business days in a row. After that, it may be eligible for an additional 180-day grace period or it may be … Read the rest
Valence Technology (VLNC) Gets $1.4 Million Smith Electric Vehicles Order
Valence Technology (VLNC) announced this morning that it received a $1.4 million order from Smith Electric Vehicles for its U-Charge lithium battery systems to be shipped in the latter half of next year. Smith is ramping up production of its Newton electric truck line at the Kansas City plant to meet demand for next year.
VLNC is up about 10% on the news, but well off the morning highs. It’s trying to find support around … Read the rest
A123 Systems (AONE) Pushes Into Hot China Market With SAIC Motor Joint Venture
A123 Systems (AONE) is popping this morning on news it will expand its presence in the China market in a joint venture with SAIC Motor, a leading auto manufacturer in China. The two companies will co-develop complete lithium battery systems for hybrid and electric cars. The joint venture, called Shanghai Advanced Traction Battery Systems, will use the batteries in all SAIC manufactured cars and trucks and look to sell the battery to other manufacturers … Read the rest