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Ener1 (HEV +26%) pops after receiving approval from the Chinese government for its joint venture...

Ener1 (HEV +26%) pops after receiving approval from the Chinese government for its joint venture with Wanxiang Electric Vehicle to begin co-manufacturing lithium-ion energy storage systems for the China market.
Comments (1)
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    Lets see if a revisit of Chinese corporate joint ventures can help us predict the future for HEV. 2 years from now a new Chinese competitor with the same technology will undercut the HEV joint venture. HEV will file a complaint of patent infringement which will get no action from the government. HEV will eventually disappear from the scene and later file for bankruptcy. In the meantime, more companies will seek joint ventures with Chinese manufacturing.
    18 Jul 2011, 12:13 PM Reply Like
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