Lithium Technology Corporation enters strategic alliance and investment agreement with FN Group for large format Li-ion packs for automotive applications
Green Car Congress
APRIL 8, 2011
The initial amount of cells will be used to build a test fleet of Plug-in Hybrid Vehicles with range extender as well as a certain number of Electric Vehicles for an Asian vehicle manufacturer. A member of the FN Group previously invested $2 million in equity of LTC in October, 2010, as previously reported by LTC.
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