According to Reuters, Johnson Controls just announced that it will increase its Chinese production of car starter batteries to 30 million per year by 2015. To fuel this increased output, Johnson Controls expects to build 3 or 4 more plants.
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Alex Molinaroli, president of Johnson Controls’ power solutions unit, says that industry shakeout will likely occur as supply for hybrid/electric car batteries exceeds demand. He … Read the rest
It was announced this morning that Borg Warner (BWA) will provide the turbocharger technology for the new Ford (F) fuel efficient EcoBoost engine to debut this year. The combined turbocharging and fuel injection technology aims to increase fuel efficiency by 20%.
“Pairing BorgWarner’s advanced turbocharging technology with Ford’s gasoline direct injection on the EcoBoost engines allows drivers to experience the benefits of up to 20% better fuel economy without sacrificing performance or comfort,” said Roger … Read the rest
The government has dished out the funds for advanced battery research and development and the winners are….
Johnson Controls (JCI) – $300 million
A123 Systems – $249 million
General Motors (GM) – $240 million
EnerDel (HEV) – $118.5 million
Ford (F) – 92.7 million
Chrysler – $70 million
UQM Technologies (UQM) – $45 million
Exide (XIDE) – $34 million
Satcon (SATC), a leading provider of distributed power solutions is announcing today that it has installed four 250 kW PowerGate Plus inverters at the Orange County Convention Center in Florida for its 1.1 MW rooftop solar installation, the largest in the southeast United States. The solar installation was designed and built by Johnson Controls (JCI) and is expected to deliver over 1.1 kW hours in the first year while displaying the solar information inside the … 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
Johnson Controls (JCI), a conglomerate involved in lithium battery production and building efficiency reported mixed earnings this morning posting an EPS 1 cent better than expectations at a loss of .16 share (it’s the 2nd straight quarter of losses) on revenues of 6.3 billion vs the consensus of 6.93 billion.
Here are some highlights regarding the green energy segments of its business:
Building Efficiency
– Excluding currency fluctuation, building efficiency sales were down 2% to … Read the rest
Johnson Controls, as part of its joint venture with Saft SA, just announced that it will build a lithium-ion battery plant in Holland, Michigan. The plant will built in an existing Johnson Controls Facility there and will provide jobs to 500 employees. Refurbishing the existing plant to handle manufacturing lithium-ion batteries is expected to cost about $220 million. Once completed, the plant will be able to produce 15 million lithium-ion battery cells. The company is … Read the rest
We previously reported that Johnson-Controls Saft would be collaborating with Ford for a demonstration fleet of Ford Escape Hybrids. However, they’ve also signed a 5-year agreement with Ford to produce lithium-ion batteries for Ford’s first first series production plug-in hybrid electric vehicle. Ford expects to have these vehicles in production by 2012. Under the terms of the agreement, Johnson Controls-Saft will initially deliver 5,000 units of these batteries in the first year, with targets expected … Read the rest
Johnson Controls released its results last week for the first quarter of fiscal year 2009. The company performed below analysts’ expectations, posting a net loss of $608 million, which breaks down to $1.02 per share. Last year, the company posted a net profit of $235 million or .39 per share. Revenue also plummeted to $7.34 billion, a decrease of 23 percent from last year’s $9.48 billion.
On a non-GAAP basis, the company still posted a … Read the rest
Johnson Controls-Saft has a new 5 year supply agreement with Azure Dynamics, Inc. Under the contract, Johnson Controls-Saft will supply Azure Dynamics with 20,000 lithium-ion batteries to power hybrid delivery trucks and other commercial vehicles. The battery cells will be produced at Saft’s plant in France and then shipped to the US, where Johnson Controls will assemble them into a hybrid battery. The first of these batteries should be on the road in 2010.