1. International Battery Receives up to $25 Million Investment

(Source: IB) Oakland, NJ - International Battery (IB) announced that the Company has secured up to $25 million of financing from Digital Power Capital, an affiliate of Wexford Capital LLC, a Greenwich, CT based investment advisor that manages a series of affiliated private equity and hedge funds.

This funding will allow the Company to complete its manufacturing facility in Allentown, Pennsylvania, advance product development and proceed to implement its business plan. International Battery’s new Allentown facility will produce large format lithium ion rechargeable cells and batteries, allowing International Battery to increase its domestic capability for production of low cost lithium ion cell technology for use in hybrid electric, plug-in hybrid electric and extended range electric vehicles.

08/12/2007 | 1034 Hits | Print | Email

2. IAA: Hyundai to Unveil Fuel Cell Electric Vehicle "i-Blue"

(Source: Hyundai/prn) South Korea - Hyundai Motor Corporation will unveil the i-Blue Fuel Cell Electric Vehicle at the 2007 Frankfurt International Motor Show which opens on September 13. Hyundai’s new hydrogen-powered, zero-emission concept, was developed at Design and Technical Center in Chiba, Japan.

The new i-Blue platform is tailored to incorporate Hyundai’s third-generation fuel cell technology, currently being developed at Hyundai’s Eco-Technology Research Institute in Mabuk, Korea.

31/08/2007 | 957 Hits | Print | Email