WASHINGTON, June 9, 2011 /PRNewswire/ -- Ener1, Inc. (NASDAQ: HEV), a leading manufacturer of lithium-ion energy storage systems for transportation, utility grid and industrial applications, will join host Volvo Car Corporation for a seminar here today at the Embassy of Sweden on the issue of safety in electric vehicles. (Logo: http://photos.prnewswire.com/prnh/20080312/CLW018LOGO ) "We are proud to be able to contribute to Volvo's efforts to highlight safety as a fundamental issue in the new wave of electric cars before policymakers and other key audiences in the U.S. capital," commented Ener1 CEO Charles Gassenheimer. "Ener1 has achieved a reputation for manufacturing the safest electric vehicle batteries in the market and we are committed to partnering with Volvo to help them put the safest electric vehicles on the road around the world." Ener1 supplies a specially designed split battery for Volvo's C30 Electric, which is being deployed in test fleets in Europe, Asia and the U.S. Based on established standards, crash test results and on-road performance data -- and combined with the Ener1 lithium-ion battery system -- the C30 Electric is expected to be one of the safest and most reliable electrics offered today. Ener1 this week initiated the second production run of batteries for the Volvo vehicle at its plant in Indianapolis, where the company also manufactures grid-level energy storage battery installations as well as small-pack batteries for industrial applications. "We believe our relationship with Ener1 is a positive step towards combining American technology and manufacturing skills with Scandinavian car engineering to bring a superior offering to a growing market segment," said Volvo CEO Stefan Jacoby. Mr. Gassenheimer will participate with Mr. Jacoby in a seminar titled "Innovation Towards Zero," referring to zero automotive carbon-dioxide emissions, as well as ultimately zero in-car fatalities. Other speakers include representatives of the National Highway Transportation Safety Administration and the U.S. Department of Energy.
Shares of Ener1 (Nasdaq:HEV) were gapping down Wednesday morning with an open price 19.2% lower than Tuesday's closing price. The stock closed at 26 cents yesterday and opened today's trading at 21 cents.