While Korea is on red-alert to rising oil prices, Hyundai Motor Co., the nation's largest carmaker, is stepping up efforts to develop fuel-efficient cars that run on a combination of gasoline and electricity. Company officials said the introduction of hybrid cars should come around 2007 or possibly earlier.
ENER1 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. ENEI is up over 14% on this news...
UQM Technologies Announces Contract With Marine Corps to Develop Hybrid Electric Propulsion System to...
Unique Mobility Inc (UQM) announced today that it has received a $599,000 contract from the U.S. Marine Corps to develop a hybrid electric propulsion system to power small unmanned ground combat vehicles with vehicle weights of 500 pounds to one ton. The propulsion system to be developed includes a 10 kW propulsion motor, an in-line planetary gear set and a dual motor controller with an integrated 60-hertz inverter, which will operate when the vehicle is stationary.
Honda Motor Co (HMC) said it has built scooters powered by fuel cells and gasoline-electric engines, extending the technology for the first time to two-wheeled vehicles. The automaker developed a scooter with a fuel cell-power plant the size of a normal 125 cubic centimeter gasoline engine as well as a so-called hybrid two-wheeler with a 50cc engine, Honda President Takeo Fukui told reporters at the company's research center in Tochigi Prefecture, north of Tokyo.
DaimlerChrysler AG (DCX) may sell gasoline-electric cars and trucks to U.S. consumers as early as 2006, adding another fuel-efficient option to its main strategy of diesel-powered vehicles. Chrysler, the maker of Jeep, Dodge and Chrysler brand cars and trucks, is studying whether to add gasoline-electric hybrid versions of some of its vehicles, according to Chrysler Group CEO Dieter Zetsche. He didn't say which models. Chrysler already plans to sell 100 diesel-electric Dodge Ram pickup trucks to fleet customers later this year.
Ford Motor Co (F) may run into production problems as they start making gasoline-electric hybrid vehicles. Ford VP of product development states they are turing to foreign suppliers for access to key hybrid components.
Oregon continues rewarding people who buy hybrid cars. The state Department of Energy has announced that the 2005 Ford Escape will qualify for tax credits. Tax credits already apply to the 2004 Toyota Prius, Honda Civic and Honda Insight, and state DOE officials expect that the 2005 models of those cars will also qualify. I wanted to point out one key paragraph from the article above. Demand for Hybrid automobiles is soaring. In 2003, 509 people took advantage of the tax credit, said Justin Klure, a policy analyst with the Department of Energy. So far this...
Toyota Motor Corp (TM) are developing a hybrid drivetrain system that can be used for gasoline, diesel, natural gas and fuel-cells.
Energy Conversion Devices Inc (ENER) and ChevronTexaco Technology Ventures LLC, is demonstrating the use of its metal-hydride hydrogen storage system in a modified hydrogen-electric variant of today's best-selling hybrid sedan. The modified hydrogen hybrid will be available for test drives at the South Coast Air Quality Management District's "Hydrogen - Fueling the Clean Air Future" conference today and tomorrow, August 16 and 17, at the J.W. Marriott Desert Springs Resort in Palm Desert, Calif.
Arotech Corporation (ARTX) announced today that its Electric Vehicle unit has developed technology that will allow its zinc-air batteries to use commercially available zinc, eliminating the need for the special dendritic zinc used to date. Arotech's technological breakthrough for utilizing readily available zinc will boost commercialization plans for the zinc-air hybrid bus, which until now required heavy investments in zinc producing infrastructure.
Enova Systems Inc (ENVA)announced today that it has entered into a development and sales agreement with China's First Auto Works (FAW) for parallel hybrid drive systems for their hybrid buses. FAW signed a two-phase development agreement with Enova for hybrid-electric motors and power controllers for its newest hybrid buses. Enova is working with both FAW and the Southwest Research Institute (SwRI) of Texas to integrate and validate the new Enova parallel hybrid drive system for these buses.