Filed under: Emerging Technologies, EV/Plug-in
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Ener1 has been in the news quite a bit these last few weeks, and new CEO (and former and current Chairman) Charles Gassenheimer thought it prudent to write a letter to shareholders about the current status of the company and the future of li-ion batteries in the automotive market. Some of the highlights of things we haven’t covered recently include:
- Gassenheimer believes that each dollar Ener1 invests in the automotive battery subsidiary EnerDel will “return between .00 and .00 in revenues annually.” Gassenheimer says carmakers will need 0bn worth of li-ion batteries each year at some point in the undefined future. Domestic automakers “will require, or at least have a firm preference for, domestically manufactured batteries.”
- Nonetheless, future battery plants will of necessity be located around the world.
- Ener1 and EnerDel are poised to use their “first-mover” advantage in li-ion battery tech which was gained by supplying the 27 kWh packs for Th!nk.
- Ener1′s shareholder equity was m at the end of June.
You can read the entire letter after the jump.
[Source: Ener1]
Continue reading Ener1 CEO paints rosy future for li-ion battery technology
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