ORIONS Money Stocks

[glassy]

HEV!!!~ this is todays runner looks like-going nuts broke 5.00 on this news

Ener1 and Wanxiang Sign Strategic Joint Venture Agreement
Advanced Li-ion Battery Technology, State-of-the-Art Manufacturing Facilities and Existing Customer Base Position New Company for Success
Jan 18, 2011 8:00:00 AM

NEW YORK and HANGZHOU, China, Jan. 18, 2011 /PRNewswire/ -- Ener1, Inc. (Nasdaq: HEV), a leader in lithium-ion battery technology, and Wanxiang Electric Vehicle Co., Ltd., a division of the Chinese conglomerate Wanxiang Group Corporation, today signed a joint venture agreement to co-manufacture Li-ion cells and battery packs for the rapidly growing Chinese market. The new company will harness cutting-edge American technology and advanced Chinese manufacturing capability to produce battery systems for Wanxiang's several existing light- and heavy-duty automotive and power grid customers for delivery this year.

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