Volvo Car Corporation has chosen advanced, American-made lithium-ion battery systems designed and produced by Ener1, Inc. (HEV) to power a pair of plug-in hybrid V70 demonstration cars being put through their paces across Europe this fall as part of a development program leading up to the planned 2012 commercial launch of a production plug-in model.The project is a joint venture between Volvo and Vattenfall, one of Europe's largest electric utility companies and a leading proponent of electric vehicle infrastructure build-out.
Source : TradingMarkets.com, by Fain Hugues, July 13th, 2009
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