Tag Archives: wanxiang

Ener1 (HEV) Gets China Battery Joint Venture Deal, $65 Million Equity Investment

I’ve been in vacation mode in recent days so haven’t been keeping up with all the news, but Ener1 (HEV) announced last week that it landed a JV deal with China’s top auto parts company, Wanxiang.  HEV will begin producing lithium battery systems for Wanxiang this year for an existing backlog of customers.  This is a great opportunity for Ener1 as it opens up the China market to them.  Traders cheered the news, sending the … Read the rest