Thursday, October 16, 2008

South Korean Firm Purchased

According to Inside INdiana Business, Ener1, Inc. announced today it has agreed to acquire an 83% interest in Enertech International, one of South Korea's leading lithium-ion battery cell producers. The purchase follows the recent announcement of the company's plans to expand the manufacturing capacity of its lithium-ion automotive battery subsidiary, EnerDel, based in Indianapolis.

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