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Itochu invests $20m in electric vehicle battery manufacturer

7 Dec 2009

NASDAQ-listed hybrid car lithium-ion battery manufacturer Ener1 has received $20m in fresh investment capital from Itochu Corporation, a Japanese commercial trading company specialising in renewable energy investments. Itochu purchased 3.2 million shares of common stock from Ener1 at a price of $6.18 per share.

 

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