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Article: Valence Technology and Electric Vehicles International Reach Exclusivity Agreement.
- Article from:
- Biotech Week
- Article date:
- November 18, 2009
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Valence Technology, Inc. announced at the Grand Opening ceremony for EVI's new US headquarters and production facility in Stockton, California, that it reached an exclusive supply agreement with leading electric vehicle manufacturer EVI (see also Valence Technology, Inc.).
"We are pleased to have secured a deal with Valence Technology for their patented Lithium-Iron Magnesium Phosphate battery systems," said Ricky Hanna, CEO of Electric Vehicles International. "We have introduced today our new state-of-the-art electric commercial vehicles, the MD-EVI and the WI-EVI, and we know that being able to offer the best and most reliable battery technology out there will ...