Seeking Alpha

HEV
Ener1 Inc

5/26/2012, 9:09 AM ET
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HEV Market Currents more »
  • January 26 EV battery maker Ener1 (HEV) files for bankruptcy in a bid to restructure debt and raise more equity funding. The firm was a recipitient of a $118.5M federal grant back in 2009 as part of a broad EV battery technology program. Shares now trade on the pink sheets under the symbol HEVV for less than three pennies. [Energy]
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Company Description

We are primarily in the business of designing, developing and manufacturing high-performance, rechargeable lithium-ion batteries and battery systems for energy storage. End markets include transportation, stationary power (energy storage for utilities and renewable energy such as wind and solar... More