Articles Tagged with ''electric vehicle manufacturing''

WASHINGTON—The U.S. Department of Energy has seized $21 million from troubled automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems. Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.

DETROIT—Sales of lithium ion batteries are expected to grow from $1.6 billion in 2012 to $22 billion by 2020, according to a report from Pike Research.

DETROIT—U.S. sales of plug-in electric vehicles are expected to reach about 1.8 million units by 2020, according to a new report by Pike Research.

DETROIT—Wanxiang Group, a large Chinese auto parts maker, has won a high-stakes auction for the assets of A123 Systems, the bankrupt American battery maker.

BEIJING—China-based Build Your Dreams will build a new assembly plant in California in 2013 to produce electric buses.

TALENT, OR—Brammo Inc. will convert an old Walmart building here into an assembly plant that will make electric motorcycles and employ 130 people.

DETROIT—Electric car maker Fisker Automotive is planning to open a new Tech centre in southern Michigan by the end of 2013.

DETROIT—Installations of charging stations for electric vehicle are expected to reach 11.4 million globally by 2020.

DETROIT—Johnson Controls has acquired bankrupt battery manufacturer A123 Systems for $125 million.

FREMONT, CA—Electric carmaker Tesla Motors will invest $50 million to purchase equipment to make components for the Model X sport utility vehicle.