27 Mar '15, 12am

XALT Energy to supply batteries for electric buses in China #tech #news

XALT Energy to supply batteries for electric buses in China #tech #news

XALT Energy has announced it has signed a global exclusive agreement with Hybrid Kinetic Group "HK Group" of China for the supply of its Lithium Titanate (LTO) batteries from its manufacturing facilities in Midland for all-electric buses in China. Production is expected to begin during the 3rd quarter of 2015. The multi-year contract, valued at more than $1.0 billion, will create 300 new high-tech and manufacturing jobs in Midland this year. Hiring is underway with 80 positions expected to be filled in April. Pure electric buses manufactured in China will be powered by Lithium Titanate (LTO) batteries manufactured in state of the art facilities in Michigan USA by XALT Energy. The company previously known as Dow-Kokam has signed a global exclusive agreement with Hybrid Kinetic Group "HK Group" of China valued at more than $1.0 billion for the supply of its batteries. Produc...

Full article: http://www.electricvehiclesresearch.com/articles/7610/xal...

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