Shares of Ener1 (HEV) are soaring today after they announced a joint venture with China’s leading auto parts supplier to co-manufacture lithium cells and battery packs for the Chinese market.  The joint venture with Wanxiang Electric called Zhejiang Wanxiang Ener1 Power System Co in which Wanxiang will have a 60% majority stake aims to produce 40,000 battery packs a year for electric cars by 2014. 

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