BYD, Motiv Power, Hydrogenics, LG Chem & AllCell.
BYD funds for battery production: The Chinese manufacturer plans a share sale, with which it hopes to gain about 10 billion yuan (1.6bn dollars). The fresh capital is believed to be used for expanding BYD’s battery production to fulfil increased demand for the company’s electric cars and buses.
Further expansion plans come from Motiv Power who just received a grant from the California Energy Commission over 8.1 million dollars. The money is to aid production at Motiv’s new factory in Hayward. At full capacity, the facility is said to make up to 480 all-electric powertrains annually.
Fuel cell deal for Hydrogenics: The Canadian company has landed a 50-million euro deal with Alstom Transport to exclusively supply the latter with fuel cell systems for regional commuter trains in Europe over the next ten years. Delivery of the first units is set for 2016.
Electric forklifts: AllCell and LG Chem have developed a high performance long lasting Li-ion battery for material handling applications that will replace currently used lead-acid batteries. The battery is built with LG’s cylindrical 18650-format Li-ion batteries and AllCell’s proprietary passive thermal management technology with phase change composite (PCC).
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