A123 Systems (AONE) announced last night an additional lithium battery supply deal with Navistar for the Navistar-Modec EV joint venture. It adds to the original lithium battery supply agreement announced in March.
A123 Systems will be manufacturing batteries for Navistar’s eStar electric vehicle which is a commercial use vehicle designed for frequent stops. A number of them have already been shipped to Fed Ex. No word on the financials of either deal, but it is … Read the rest
As part of an initial deployment of US DOE grants for hybrid school buses, Enova Systems (ENA) and Navistar (NAV) will deploy an initial lot of 16 buses to various school districts. The companies expect to win more work as additional tax credits and incentives become available for school districts who wish to deploy cleaner buses. With Navistar (NAV) owning 60% of the US bus market, they may get a nice chunk of this business, … Read the rest
A123 Systems (AONE) is announcing some good news along with its earnings report today. They are going to be developing lithium ion battery systems for a joint venture project between Navistar (NAV) and Modec to develop commercial electric vehicles. The batteries for the Navistar EV will be manufactured in Michigan with the vehicles being assembled in Indiana for a launch sometime this year.
These commercial EV’s will be designed for frequent stops, have a … Read the rest
As part of the Plug-in Hybrid Electric Vehicle Technology Acceleration and Deployment Activity Program, the US Dept of Energy announced it has selected Navistar’s Fort Wayne plant for a cost shared award of up to $10 million to develop 60 plug-in electric hybrid buses for use across the nation during a multi year test program. Navistar’s IC Bus is the only bus manufacturer currently offering the electric bus and will use the grant to improve … Read the rest