Wanxiang Group will provide a bridge loan of $75 million or so, and eventually invest up to $450 million in A123, which would give it an ownership stake of about 80% in the company.
Galaxy Resources Limited reported this week that prices for both technical- and battery-grade lithium carbonate in its key market, China, have soared – current prices are up almost 17% compared to last year.
Previously, hybrid transmission production was handled by a supplier in Japan. By bringing the development work in-house, Ford reduced development costs by 20 percent.
Engineers at GE Global Research recently tested a prototype Interior Permanent Magnet traction motor that is more powerful, more efficient and less costly than the best motors on the market today. The new motor can also run at a higher temperature, eliminating the need for a dedicated cooling loop. GE’s prototype operates at a peak… Read more »
Researchers in Italy, South Korea, and Scotland have reported designing lithium-air batteries with major advancements in charge and discharge cycles with little capacity loss.
The process uses silicon to replace graphite as an element in Li-ion cells, which could lead to longer-lasting, more powerful batteries.
The paper breaks the price of battery packs down into more than 40 underlying drivers, and suggests that three factors could accelerate the decline in Li-ion prices.
Protean plans to begin producing prototype in-wheel electric motors in Liyang early next year and to ramp up to volume production in 2014.
The company celebrated some good financial news, as it notified the holders of senior convertible notes that it has satisfied conditions for the release of $30 million of restricted cash.
The new agreement adds to existing areas of collaboration between the two firms, which include research into next-generation lithium-ion battery cells.