Two More Car Companies To Buy EnerDel Batteries Greentech Media | Electric Cars and Hybrid Vehicle - Green energy

Two More Car Companies To Buy EnerDel Batteries Greentech Media

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Two More Car Companies To Buy EnerDel

Think is now producing five a day, moving soon to 60


24, 2010

The little battery that could has two more car on the way.

EnerDel, which in lithium ion batteries for cars, has two OEMs (original equipment in the hopper in the auto industry, CEO Charles Gassenheimer, who swung our offices today.

The company is producing batteries for Think, the car manufacturer. and has signed a deal to batteries for Volvo’s electric

One of those new customers could be which has adopted EnerDel for some experimental cars.

is currently manufacturing five a day. By the end of the year we expect to be at a run of 60 cars a day, which is 900 a month, he said. Think has a few on its waiting list.

Volvo to produce 1,000 electric a year starting in early and may bring out more models of cars. The company earlier had a to produce batteries for the Karma from Fisker Automotive. switched to adopt batteries A123 Systems, which invested $23 million in Fisker.

Fisker at the time needed an of investment, said Gassenheimer, and had its commitments to Think.

We will be a video later of our talk Gassenheimer, but here are some highlights:

—EnerDel currently battery packs for cars at than $700 a kilowatt The industry average, roughly, is to $900 per kilowatt hour. to sources.

—The Department of has a goal of driving down the to $500 a kilowatt hour and a kilowatt hour. The first will be hit. The second one be tough.

I don’t see a path to $300 a hour, he said.

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—The of batteries could be tight. if you bought every lithium ion in the world and stuck it into cars, you’d only enough batteries for 250,000 he said. In a way, though, good news for battery because it reduces the potential in building new factories.

It is not going to be challenging to soak up the capacity exists, he said.

EnerDel is a modular approach to factory It is currently building out a factory of churning out 15,000 battery a year. That factory take the company to being flow positive.

It will then build up to a and then a 100,000 pack a capacity.

—The company has begun to draw on the grants it won the American Recovery and Reinvestment It has also landed $70 million in from the state of Indiana and has for DOE loans.

If you didn’t pick as one of the emerging lithium ion battery in the U.S. a few years ago, feel bad. The company did not the lavish amounts of VC funds Boston-Power or A123 Systems Like others, it also had to past the graveyard in 2009.

Twelve months ago things pretty dark, he said. was in Chapter 11 in Norway.

Although in the Midwest, EnerDel is something of an affair. The company’s basic was coined by Peter Novak, a and former member of the Russian of Sciences. The batteries also on technology from Japan and know-how from Delphi.

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Eliica (Electric Lithium-Ion Car)
Eliica (Electric Lithium-Ion Car)
Eliica (Electric Lithium-Ion Car)
Eliica (Electric Lithium-Ion Car)
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