6 result(s) displayed (1 - 6 of 6):

VW, Varta charging Germany's e-car battery (from Corporate Dealmaker)

Volkswagen AG has hooked up with Varta Microbattery GmbH to accelerate the German auto industry's push into next-generation vehicle battery production. The companies have launched a research joint venture to produce batteries for electric cars. The venture is part of a broader effort by German industry -- with a nearly...

Posted on September 28, 2009 12:13 PM

A123Systems worth $1B? (from Corporate Dealmaker)

Figuring out valuations for any company is a tricky business, but it seems especially hard for A123Systems Inc., the lithium-ion battery maker that finally set its IPO terms on Sept. 9. On one hand, oil prices are on the mend, the Watertown, Mass., company is riding a wave of...

Posted on September 10, 2009 3:16 PM

BYD wins Big Three battery contract (from Corporate Dealmaker)

BYD Co. Ltd. says it signed a contract with one of China's top three auto groups to supply it with lithium-ion batteries for hybrid cars. China's Big Three are Shanghai Automotive Industry Corp., known as SAIC, China First Automobile Works Group Corp., known as FAW Group, and Dongfeng Motor Corp....

Posted on August 18, 2009 2:02 PM

E-car grants: What will we get for $2.4B? (from Corporate Dealmaker)

When the Obama administration announced $2.4 billion in matching grants Wednesday to charge up the nascent U.S. electric vehicle industry, Johnson Controls Inc. (NYSE:JCI), the big auto parts company, got the single largest grant, worth $299 million. The Deal Pipeline has the story (subscription required). All told the government made...

Posted on August 7, 2009 10:00 AM

Is GM going bust, or green? Or maybe both? (from Corporate Dealmaker)

General Motors Corp. may be trying to stave off bankruptcy, but it's also building an important new plant. The plant is in Michigan and is devoted to making batteries for electric cars. GM wants to bring its electric Chevy Volt to market next year and have the new plant supply...

Posted on January 13, 2009 5:00 PM

GE betting on battery maker A123Systems (from Corporate Dealmaker)

Billions of dollars are headed into the hybrid/electric car business and into the devices that will run them. General Electric Co. invested $30 million in A123Systems Inc., bringing its total investment to $55 million, or 9%, in the Watertown, Mass., lithium ion batter maker. A123 claims that unlike standard...

Posted on October 22, 2008 4:33 PM