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CEO of Lithium-Ion Automotive Battery Maker Ener1 Says Aggressive Investment
in Advanced Energy Storage Systems Is Key to Industry Survival, U.S.
Competitiveness
WASHINGTON, Dec. 1 /PRNewswire-FirstCall/ -- As Congress and the new administration weigh sweeping measures to rescue the U.S. auto industry, advanced lithium-ion battery maker Ener1, Inc. (Amex: HEV) is joining dozens of companies that develop and build technology for hybrid and electric vehicles this week to show their latest innovations and discuss how they fit into this changing landscape. Ener1 CEO Charles Gassenheimer says companies like Ener1 have a crucial role to play in the federal retooling effort.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080312/CLW018LOGO )
"The technology is here," says Gassenheimer. "The question is who is going to win the race to get it to market. Decisions we make as a nation today will determine whether or not our country remains competitive in the global automotive industry."
By coincidence, the conference and technological showcase put on by the Electric Drive Transportation Association (EDTA) at the Washington, D.C. Convention Center from December 2-5 corresponds with this week's deadline for the Detroit Big Three automakers to present their individual recovery plans to Congress in hope of receiving a $25 billion rescue package.
"Whether it is a plug-in hybrid like the Chevy Volt or a fully electric car like the Th!nk City, the future depends on better batteries," Gassenheimer says. "We need dedicated federal support to ramp up production and >>