Lithium ion battery maker EnerDel wants to tap into some of the $25 billion that Congress set aside to help fund advanced vehicle manufacturing in the 2007 energy bill. EnerDel has applied for low interest loans totaling $480 million to help fund the construction of manufacturing capacity for batteries. Automotive scale battery manufacturing is limited today, particularly in the US. Right now EnerDel is the only US company making automotive lithium batteries at facilities in Indianapolis and Noblesville, Indiana. The money would allow EnerDel to double the size of an existing factory to 600,000 packs a year and build a new factory capable of building another 1.2 million packs annually. The first packs are destined for the troubled Tn!nk company, something that Ener1 Chairman and CEO Charles Gassenheimer told AutoblogGreen is not a problem.
Gallery: EDTA 2008: Ener1 Th!nk City
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