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Apple and A123 Systems Are Nearing Settlement of a Legal Tiff
May 18, 2015Apple and electric battery maker A123 Systems are nearing settlement of a legal tiff that saw the latter accusing the former of poaching its staff to set up a battery unit for its electric car venture. While final details are being worked ...
Tags: Apple, A123 Systems
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Future Is Bright for Electric Cars Amid Fluctuating Gasoline Prices and Huge Investments
Mar 10, 2015The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday. However, inadequate battery technologies ...
Tags: Electric Cars, Battery Production
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Wanxiang Group Agrees to Acquire Fisker Automotive for $149.2m
Feb 20, 2014Wanxiang America, an affiliate of Chinese automotive parts maker Wanxiang Group, has received an approval from the US bankruptcy court to acquire the assets of American electric car maker Fisker Automotive for $149.2m. The company has won ...
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DoD Awarded a Contract to a Company for Its "Hybrid Generator"
Feb 13, 2014The phrase "An army marches on its stomach," often attributed to Napoleon Bonaparte, underscores the importance of logistics in the military. And in the 21st century, keeping up the supply of diesel fuel is one of the most challenging ...
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Hybrid Technology Has Bid $55 Million for Fisker Automotive's Assets
Jan 14, 2014Hybrid Technology, led by Hong Kong billionaire Richard Li, has bid $55 million for Fisker Automotive's assets, just days after a bankruptcy judge in Delaware rejected Hybrid's plan to take over the failed electric-vehicle maker in a ...
Tags: Hybrid, Bankrupt Fisker, Bid War
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Fisker Automotive Looks Set to File for Bankruptcy Protection in The Us This Week
Apr 11, 2013Luxury plug-in hybrid carmaker Fisker Automotive looks set to file for bankruptcy protection in the US as soon as this week, according to latest reports. Under pressure from the US Department of Energy (DOE) to re-pay nearly US$200 ...
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Co-Founder of Fisker Automotive, Henrik Fisker, Has Walked out on The Embattled Electric
Mar 15, 2013The executive chairman and co-founder of Fisker Automotive, Henrik Fisker, has walked out on the embattled electric car maker following “several major disagreements” with the company’s management board. Danish-born ...
Tags: Fisker, Co-Founder, Auto
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GM Conducts R&D with Professionals in Different Industries on The Possibility of Energy
Jan 25, 2013US-based automobile maker GM has been conducting R&D with professionals in different industries on the possibility of storing energy on used automobile lithium batteries. Digitimes Research believes if the R&D is successful, it will lower ...
Tags: automobile maker, GM, used automobile lithium batteries, storing energy
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Automotive Components Manufacturer Wanxiang Is Planning to Invest $450m in A123 Systems
Dec 6, 2012Chinese automotive components manufacturer Wanxiang is planning to invest $450m in A123 Systems under a non-binding memorandum of understanding (MOU). The investement is expected to create the capital structure necessary for the company ...
Tags: Wanxiang, A123 Systems, MOU
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$465m Funding From Wanxiang Is Offered by A123
Dec 4, 2012Lithium ion battery maker A123 systems has finalised its agreement with Chinese automotive components manufacturer Wanxiang for the provision of $465m funds to continue its core businesses as well as its vehicle electrification and ...
Tags: lithium ion battery, A123 systems, vehicle electrification
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Chevrolet Is Planning to Unveil Its New Spark EV Uring The 2012 Los Angeles Auto Show
Dec 4, 2012US based automaker Chevrolet is planning to unveil its new Spark EV on 28 November during the 2012 Los Angeles Auto Show. Chevrolet Spark EV is the first electric vehicle made by General Motors since the EV1 project was signed in 2003. ...
Tags: Spark EV, Chevrolet, electric vehicle, General Motors
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GM Korea Is Planning to Launch Electric Chevrolet Spark in 2013
Dec 4, 2012South Korean unit of General Motors, GM Korea is planning to introduce its new electric Chevrolet Spark in the domestic market in 2013. According to the company, the new electric Chevy Spark car will be manufactured at GM's Changwon plant ...
Tags: GM Korea, electric Chevrolet, 2013
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Nanophosphate EXT Technology for Evs Is Launched by A123 Systems
Dec 3, 2012US based company, A123 systems has unveiled a new lithium ion battery technology, the Nanophosphate EXT, which will enable the pack to operate at extreme temperatures without requiring thermal management. The electric vehicle battery ...
Tags: A123 systems, lithium ion battery, electric vehicle battery packs
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Automotive Business Assets of A123 Systems Are Acquired by Johnson
Dec 3, 2012US based automotive parts maker Johnson Controls has signed an agreement to acquire bankrupt lithium iron phosphate batteries and systems manufacturer A123 Systems' auto business for $125m. Under the terms of agreement Johnson Controls ...
Tags: Johnson Controls, bankrupt lithium iron phosphate batteries
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Sycamore Networks Is Shutting Down
Oct 24, 2012Sycamore Networks(NASDAQ--SCMR),whose optical switches and telecom software have powered carrier networks around the world since 1998,says it is shutting down.The company is selling off assets of its Intelligent Bandwidth Management ...
Tags: Sycamore Networks, Intelligent Bandwidth Management business
