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ENER1 and Volvo Cars Team-Up to Provide Lithium-Ion Power for the Exciting New C30 Battery Electric Vehicle

ENER1, Inc., Developer and Manufacturer of Advanced Lithium-Ion Batteries to Power the Next Generation of Hybrid, Plug-In Hybrid and Pure Electric Vehicles



New York, -- ENER1, Inc. (Nasdaq: HEV), developer and manufacturer of advanced lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles, is teaming-up with Volvo Car Corporation to provide American-made lithium-ion batteries for the Volvo C30 Battery Electric Vehicle prototype, being unveiled inGothenburg, Sweden. The battery is designed and developed in the U.S. by EnerDel, Inc.,Ener1's U.S. battery subsidiary. This follows the recently announced collaboration with Volvo on the plug-in hybrid V70 demonstration vehicles being road tested in Europe this fall, which also feature EnerDel lithium-ion batteries.

The C30 Battery Electric Vehicle is part of Volvo Car Corporations DRIVe Towards Zero Strategy and is a mobile test bed proving that through intelligent packaging and technology, a pure electric vehicle can be great to drive while not compromising on factors such as luggage space and interior comfort.

It is designed as a zero emission, city commuter car covering the day-to-day mobility needs of more than 90 percent of European commuters. The 150km (95 mile) range and packaging efficiency of the vehicle is derived in a large part from the highly efficient lithium-ion battery, designed and manufactured by EnerDel, who produces some of the highest energy density battery cells in the world. The EnerDel battery for the C30 battery electric vehicle (BEV) is custom made and is a 'split battery', with an energy content of over 24 kWh nominal energy, of which 22.7 kWh is used to power the car.

"We are delighted to be partnering with Volvo again on this exciting development project which aims to test the technical solutions of a full Volvo battery electric vehicle, in the highly desirable Volvo C30," said Ulrik Grape, President, Ener1 Europe. "We are developing a close working relationship with Volvo and are collaborating intimately on integration of the battery and safety in these advanced vehicle concepts."

The new project follows a series of announcements from Ener1 in the last month including the appointment of a new President for EnerDel and a further strengthening of the senior management team, the creation of a new European Division, acquiring a leading shareholder position and securing a long term supply contract with Think Global, and being selected to receive a $118.5m in Federal Grant Funding to double production capacity in the US.

EnerDel was formed in 2004 through a collaboration of industry leaders: Ener1, Delphi Corporation and Itochu Corporation. In 2006 the company won support from the US Advanced Battery Consortium, Argonne National Laboratory, and others. Since then EnerDel has continued to gain commercial success in terms of its technology with respect to PHEV and EV batteries. Our team consists of luminaries from the scientific research community as well as the lithium-ion battery and automotive industries, providing more than 300 years of combined experience in lithium-ion cell manufacturing and engineering.

In addition to the solutions for the automotive industry, our lithium-ion battery chemistries andtechnology offer advantages beyond the automotive sector, with applications in energy infrastructure, renewable energy applications, military, aerospace, industrial, and other growing markets.

EnerDel manufactures cells in Indianapolis, in a 100,000-square-foot, state-of-the-art facility. The company's battery packs are assembled only 10 minutes away from Indianapolis, in a 35,000-square-foot Noblesville facility, through a highly automated process.

The heart of EnerDel's operations is a team of cell chemists, electronic, mechanical and software engineers, technicians, system integrators, and support staff, who hail from different parts of the world and bring distinct perspectives, extensive expertise, and a shared sense of drive and optimism.

For Additional Information: http://www.ener1.com


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