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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (162294)	6/2/2009 11:45:56 PM
From: Cheeky Kid	Read Replies (2) \| Respond to of 314090

In April, Valence said it was seeking $608 million in expansion funding to finance the construction of a new manufacturing facility in central Texas to produce lithium iron magnesium phosphate batteries for hybrid and all-electric vehicles (see ERRA plans lightweight EVs with nickel hydrogen batteries). At full capacity, the proposed $760 million facility could supply batteries for 250,000 vehicles a year. Valence said last week it applied for $225 million in federal funding for the facility.