Ener1 (HEV), maker of lithium ion batteries has signed a memorandum of understanding with ITOCHU of Japan to outline a partnership that would introduce HEV products into the Japanese automotive marketplace.  ITOCHU will serve as Ener1’s sales, marketing and development partner for both Japanese auto OEM’s and Tier One suppliers.  The agreement also sets the stage for ITOCHU to introduce HEV batteries as an energy storage solution for the solar power market.

“Today’s announcement marks … Read the rest