XALT Energy lands $1 billion-plus lithium battery contract with Chinese bus manufacturer

XALT Energy, a leading developer and manufacturer of lithium-ion batteries, today announced it has signed a global exclusive agreement with Hybrid Kinetic Group of China for the supply of its lithium titanate batteries from its manufacturing facilities in Midland for all-electric buses in China.

XALT has received support from the U.S. Department of Energy, the state of Michigan — including the Legislature, the Michigan Economic Development Corp., the Michigan Department of Treasury and the Michigan Department of Environmental Quality — as well as the city of Midland. XALT said it will continue to work with these agencies on various programs as it moves forward to bring high-quality jobs to Michigan.

Read more at: http://www.ourmidland.com/news/xalt-energy-lands-billion-plus-lithium-battery-contract-with-chinese/article_d86389c8-d254-11e4-be3e-47ac56a3ab68.html

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