{"id":4563,"date":"2011-01-18T13:23:00","date_gmt":"2011-01-18T13:23:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ener1-inc-hev-soars-after-signing-strategic-joint-venture-agreement-hev\/4402\/"},"modified":"2011-01-18T13:23:00","modified_gmt":"2011-01-18T13:23:00","slug":"ener1-inc-hev-soars-after-signing-strategic-joint-venture-agreement-hev","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/ener1-inc-hev-soars-after-signing-strategic-joint-venture-agreement-hev\/4563\/","title":{"rendered":"Ener1 Inc. (HEV) Soars after Signing Strategic Joint Venture Agreement (HEV)"},"content":{"rendered":"

Ener1 Inc. (NASDAQ: HEV<\/a>) shares are soaring after the company today reported that it signed a strategic joint venture agreement.<\/p>\n

Ener1 today reported that it entered into a joint venture agreement with Wanxiang Electric Vehcile Co. Ltd., a unit of the China-based Wanxiang Group Corporation, to co-manufacture Li-ion cells and battery packs for the fast growing Chinese market.<\/p>\n

Ener1 said that the joint venture will see the coming together of cutting-edge American technology and advanced Chinese manufacturing capability to produce battery systems for Wanxiang\u2019s several light-and-heavy-duty automotive and power grid customers for delivery in 2011.<\/p>\n

The joint venture will be called Zhejiang Wanxiang Ener1 Power System Co. Ltd and will utilize Wanxiang Electric Vehicle\u2019s existing 553,000 square foot facility in Hangzhou.<\/p>\n

Following the announcement, shares of Ener1 soared in early trading today. At last check, the shares were up 32.07% to $4.86 on above average volume of 14.18 million. Ener1 shares touched a 52-week high of $5.90 today.<\/p>\n

Ener1 is a New York City-based company, involved in the business of designing, developing and manufacturing rechargeable lithium-ion batteries and battery systems for energy storage. The company\u2019s end markets include transportation, stationery power for utilities and renewable energy.<\/p>\n

« Return to Stock Market News<\/a> « <\/div>\n","protected":false},"excerpt":{"rendered":"

Ener1 Inc. (NASDAQ: HEV) shares are soaring after the company today reported that it signed a strategic joint venture agreement. […]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[988],"class_list":["post-4563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-hev"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/4563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=4563"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/4563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=4563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=4563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=4563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}