Apr 5
Written by: Aaron Turpen 719 views
Published on April 5th, 2009 in Electric Cars
Valence Technologies has applied for a $608 million low-interest loan from the Department of Energy under the Advanced Technology Vehicles Manufacturing Incentive Program to expand operations so they can provide many more batteries than they do now.
Valence currently does most of their manufacturing in China and would like to build a Texas-based plant to match those in China. Valence believes they can be online with the new U.S. plant by 2011 if the loans are approved quickly. They’re envisioning a 2 million square foot facility.
Valence has a fast-growing consumer portfolio, mainly made up of newly-emerging plug-in electric and hybrid vehicle manufacturers. This new facility would provide storage packs for up to 250,000 vehicles (hybrid or all-electric) annually.
Source: Green Car Congress
Tags: battery, EV battery, li-ion, valence
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