Ener1 Inc., August 9, 2010, announced that it has signed lithium-ion battery power supply contracts with two new customers, they are Hyundai Heavy Industries Company (HHI) and the Toro Company. Hyundai Heavy Industries (HHI) to purchase its electric vehicle lithium-ion battery cells, these cells Lithium-ion battery will also be applied to California ACTransit company.
Ener1 Inc. to impress the rigid carbon monoxide mixed 17.5Ah battery, will provide a competitive solution.
Ener1 businesses are able to provide the equivalent of up to 11,000 million EV (electric vehicle) with a battery, which 260MWh lithium-ion battery system. Its capacity of 15,000 units is expected to rapidly improve the EV (Electric Vehicle) with the cell stack.
Add another automaker to the supplier list of LG Chem as Hyundai Mobis has announced that the two companies agreed to a joint venture to produce lithium-ion batteries for upcoming hybrid models.
The agreement between Hyundai Mobis and LG Chem is a $34 million joint venture. The two groups will begin operating jointly in the later part of next year. Together they will produce as many as 200,000 lithium-ion battery packs yearly with the anticipated application of Hyundai hybrids.
LG Chem has several joint ventures and supplies batteries to numerous automakers. They are the supplier for the Chevy Volt as well as Hyundai Motors, a company owned by Hyundai Mobis.
The recent agreement with Hyundai Mobis extends the companies previous partnership with LG Chem. LG Chem supplies batteries for existing Hyundai hybrids such as the Elantra and Kia hybrids, but this latest agreement assures support for future hybrids from the Hyundai Mobis conglomerate.
LG Chem has been expanding its production facilities at a steady rate. Earlier this year they began construction of a new lithium-ion polymer production facility which will supply batter cells for both the Volt and Hyundai models. With increasing production capabilities and additional partnerships, LG Chem looks to lead the way in li-ion technology.
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