Monday, July 13, 2009

Lithium: Magna Steyr To Produce Lithium-Ion Batteries For Volvo TNR.v, CZX.v, SQM, FMC, ROC, DAI, NSANY, BYD, TTM, TM, F, GOOG, RIMM, AAPL, HUI, XAU,


One more auto house name is charging into Lithium space - Volvo is still popular as a solid family car. The more models - the better and faster will be market penetration. With other technologies still in the lab Lithium batteries has became industry standard for Electric cars.
For those who is interested in Zinc Air batteries Canada Zinc Metals CZX.v will be the next Eldorado:
"Now we have not only a solid Zinc recovery play with strong cash position in a district with potential of 100 mil ton with further exploration, but dynamic M&A front runner of Chinese giant looking for further opportunities. Quick move has secured options opened in new hot area of Lithium and REE in International Lithium corp. and CEO CZX.v has opened space for speculation with his comment on Los Azules. Is Tongling up to the Xstrata's plate? Rob McEwen will be another name to mention in this context. Company now have positioned itself for dynamic recovery in Chinese production cycle even with shaky general markets in Zinc. Strategy looks like Investment expansion:Tongling - Canada Zinc Metals - District play with TEC and Korea Zinc - Lundin Mining on board - Zinc and Lead - Cars - Growth space: China largest auto market from March - New Bull - Electric cars - Lithium and REE - TNR Gold and International Lithium Corp."
"Significant shareholders of Canada Zinc Metals include Lundin Mining Corp. (TSX: LUN) and Tongling Nonferrous Metals Group Holdings Co. Ltd.
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July 13, 2009
Magna Steyr, an operating unit of Magna International Inc., will produce lithium-ion battery systems incorporating A123Systems’ 32113 lithium-ion cells for Volvo Group.
The battery systems will be integrated into Volvo’s city buses, heavy-duty distribution vehicles and refuse trucks using the I-SAM parallel hybrid system.
Battery production will begin in August 2009 at Magna Steyr’s facility in Graz, Austria.
Founded in 2001, A123 was born out of research labs of the Massachusetts Institute of Technology and was funded initially with a $100,000 grant from the U.S. Department of Energy.
In addition to Magna Steyr, companies using A123 batteries, battery systems and technology in the fields of transportation, grid energy storage and portable power include AES, BAE Systems, Better Place, Black and Decker, Cessna, Chrysler, Daimler, Delphi, Duke Energy, General Motors, Google.org, LADWP, Madison Gas and Electric, Mercedes Benz High Performance Engines, Proctor and Gamble, Sempra and Volvo Truck."
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