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| EIG Awarded PHEV Development Contract by Korean Government |
2008-11-04 08:49:43 |
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EIG Awarded PHEV Development Contract by Korean Government
EIG is happy to announce that it has been awarded a development contract from the Korean government for a next generation PHEV lithium ion battery. The Ministry announced in October that it is investing in a joint development consortium consisting of Hyundai Motors, LG Chemicals, Samsung/Bosch limotive, and EIG. This joint development for batteries is part of a $13M government program and will be focused on the PHEV vehicle for Hyundai.
Since 2000, lithium batteries have been used to power for mobile phone, laptops and mobile devices. Due to recent high oil prices and the need to reduce emission, lithium batteries have expanded to be used in transportation and energy storage applications. The Korena Ministry has targeted 2012 for commercialization of the new PHEV 20 mile battery.
For more information on this project please contact EIG at info@eigbattery.com.
EIG is a leading manufacturer of large format lithium ion polymer battery solutions. EIG products have multiple chemistries and integrated electronic battery management systems that provide safe and economically optimized solutions for the transportation, industrial, military, energy, and other global markets. www.eigbattery.com
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