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Hybrid Tech forms alliance with battery maker

One of the companies seeking to acquire Fisker Automotive’s assets in bankruptcy court has formed an alliance with a battery company. That could help the company, Hybrid Tech Holdings, compete with Wanxiang America, Inc. in its effort to win the auction set by judge Kevin Gross for Feb. 12

Hybrid Tech’s subsidiary, Hybrid Tech Operating Corp., on Monday announced a non-exclusive partnership with Boston-Power, a Massachusetts-based next-generation lithium-ion battery supplier and manufacturer.

“This non-exclusive partnership with Boston-Power is a key element of Hybrid’s ongoing review of alternative leading-edge battery suppliers that will support its Karma restart program and deliver a best-in-class battery solution,” said Megan Grant, spokeswoman for Hybrid. “Hybrid has been engaged in a thorough review of all of Fisker’s supplier relationships, with the goal of ensuring that customer demands for a high-quality and high-performance luxury EV are met.” An EV is an electric vehicle.
– See more at: http://blogs.delawareonline.com/delawareinc/2014/02/03/hybrid-tech-forms-alliance-with-battery-maker”>delawareonline.com

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