Ener1 And Delphi Sign LOI To Form Lithium Battery Joint Venture

0
850
Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

ener1_logo.gifENER1 INC (ENEI) and Delphi Corp. (DPH), today entered into a non-binding letter of intent to create a joint venture to leverage their combined expertise in lithium batteries. Delphi and Ener1 will be negotiating definitive agreements and conducting due diligence in the coming weeks. “The combination of Ener1’s vapor deposition process and its nanotechnology for production of high-rate, low-cost lithium batteries with Delphi-developed high energy capacity technology would allow the venture to have a key advantage in penetrating its target lithium battery markets,” — Kevin Fitzgerald, Ener1’s CEO. [ more ] ENEI is up over 14% on this news today. This type of agreement is typically a precursor step to an eventual acquisition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.