Chrysler and Electrovaya are building the PHEV Ram thanks in part to a $48 million grant from the American Recovery and Reinvestment Act DOE Vehicle Electrification Program and part of a $5 million grant from the Canadian government. The government monies are being used in a test fleet of 140 trucks, and so it kind of makes sense that the truck is being displayed to the public for the first time at the DC Auto Show this week.
[Source: Electrovaya Inc.]
TORONTO, Jan. 27 /PRNewswire/ – Electrovaya Inc. (TSX: EFL) today announced that Chrysler’s Ram Truck Plug-in Hybrid Electric Vehicle (PHEV), equipped with Electrovaya’s 12 kWh Lithium Ion SuperPolymer® Battery System, is being showcased in public for the first time at the Washington D.C. Auto Show Jan. 27- Feb. 6.
Electrovaya was selected by Chrysler as a key supplier partner for the RAM Plug-in Hybrid development, which was initiated last year as part of the American Recovery and Reinvestment Act DOE Vehicle Electrification Program. The RAM Truck is one of Chrysler’s top selling vehicles and the Plug-in Hybrid Electric version (powered by both battery and gasoline) is a full-size truck with Advanced Technology Partial Zero Emissions capability and is able to travel up to 20 miles on electricity only. Delivery of the PHEV Ram trucks is expected to begin this summer.
“Electrovaya’s battery system not only provides exceptional performance from a high energy and power perspective, but boasts a clean manufacturing process that will appeal to environmentally conscious consumers,” notes Bruce Coventry, Vice President of Operations at Electrovaya. “The superior energy density of the Electrovaya technology also allows for a small battery footprint in the vehicle while delivering high performance.”
Electrovaya’s 12 kWh Lithium Ion SuperPolymer® Battery System features the company’s proprietary battery technology, battery management system and complete mechanical, thermal, electrical and electronic subsystems. Electrovaya’s battery technology is manufactured in North America and is uniquely distinguished by its clean, non-toxic manufacturing process supported by over 150 patents.
About Electrovaya:
Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company’s mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company’s other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com.
Forward-Looking Statements
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