Lazard Capital noted that on Friday, the DOE’s big $528 million loan to Fisker Automotive for the development of its Karma and Nina electric vehicles closed. As the only battery supplier to Fisker, it represents a big opportunity for A123. Lazard maintains a Buy rating on the stock. On April 12th, Lazard confirmed that Chrysler will use A123 lithium batteries in its Fiat 500 line of electric cars which Lazard believes could be a … Read the rest
Tag Archives: fisker automotive
Quantum Fuel Systems (QTWW) Breaking Out On Fisker Auto Plant News
Joined by VP Joe Biden today, Fisker executives announced inside an old GM facility that they will begin using the facility to support Fisker’s Project NINA with the goal of producing a family oriented plug-in hybrid sedan costing less than $40K. It’s a ways off though. The company won’t begin production in the facility for at least three years and won’t get up to full capacity for at least five years.
Quantum Fuel (QTWW) is … Read the rest
QTWW Update: Moving On Half Billion Govt Loan To Fisker Automotive
The news is in on Quantum which will produce the propulsion systems for Fisker Automotive. The US government and Fisker Auto have agreed to terms on a loan of more than half a billion bucks to create fuel efficient hybrid and electric cars. A majority of the low-interest funds goes to Project NINA, which will oversee the design, engineering and assembly of Fisker cars with the remainder being used to finalize development of the Karma. … Read the rest
MDB Capital On EnerDel (HEV): Likes The Pipeline But Downgrading On Valuation
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
EnerDel (HEV) May Supply Lithium Ion Batteries For Fisker Karma
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