Tag Archives: enertech

Ener1 (HEV) Acquired 83% Interest in Korean Lithium Ion Battery Maker

Late last week, Ener1 (HEV) announced it has acquired an 83% interest in Enertech International, one of South Korea’s leading lithium ion battery cell producer.  It’s intended to broaden Ener1’s production capabilities to  take advantage of the global shift to more fuel efficient automobiles.

“Enertech is one of the largest lithium-ion battery producers in Korea, behind only LG Chemical and Samsung,” said Ener1 CEO Charles Gassenheimer. “This acquisition gives us immediate scale and volume … Read the rest