Stockton and Porterville, using funding from the San Joaquin Valley Unified Air Pollution Control District, placed orders for four more Proterra electric buses.
Each city ordered two 40′ Catalyst transit buses, although the press release did not provide details whether those are the long-range version or perhaps maybe short-range version with fast charging.
Proterra announced that the total number of orders (completed and new) hit 110, while 323 options were contracted to bring total sales potentially to 433.
Sentiment: Strong Buy
You realized that Proterra is now using the Toshiba LTO, or LG NCM batteries.
On the bright side, ALTI has delivered 200 buses to Handan city.
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ALTI holds the patent on LTO technology; Toshiba would have to be buying LTO cells from ALTI for incorporation into battery packs or making them under license from ALTI. It's a shame we don't get any news out of this company.
"ALTI holds the patent on LTO technology"
Not sure what you mean by that!
ALTI owns patents to make nano-sized lithium titanate, and they know the recipe to make a nLTO cell.
The recipe for the cell is not patented as far as I know; and there are other ways to make lithium titanate powder even if of a lesser quality.
Toshiba, XALT (ex-A123), Leclanche, Microvast and many others are making LTO cells.
ALTI is not alone anymore and will get no royaltees from them.
Their competitive advantage is the size of their chinese plant (few thousand tons per year)
Thanks for the clarification on that. Any idea of customers buying ALTI LTO cells for incorporation into their battery packs?
Not much is coming out of ALTI.
In China, the parent Yinlong Energy pursues a vertical integration approach starting with EV buses.
Check zhyle (ZHuhai YinLong Energy) web site.
ALTI itself has delivered 200 EV buses to Handan City.
It is pretty hard to follow what's going on with ALTI but there are some chinese news out there.
Google translation below; ALTI is translated to Auburn titanium company.
"Hebei Broadcasting Network September 1 news (reporter Zhang Yan Hebei Handan radio station reporter Zhao Feng, Lu Juan) August 31, located in Handan Wu'an silver Lung new energy to put into operation the second phase of the northern base. 2010, Silver Lung Group successfully acquired the world's largest manufacturer of lithium battery materials Auburn titanium company, to become the world's largest lithium titanate materials and battery production base.
Two engineering design production capacity of 10,000 tons of lithium titanate, lithium titanate battery 10 billion Ah and all kinds of new energy vehicles 33,000, including the production of lithium titanate and lithium titanate material used in all the world's leading battery faster filling materials technology, compared to battery products now on the market, the charge time from 6-8 hours to 6-10 minutes shorter, and the battery life is extended from two to four years to 20 years. Product costs also dropped by 40% and energy density increased by 30%. Electric vehicles in commercial vehicles, private cars in the promotion of the foundation."
so many good news over there, and Yinlong is very likely to become a public company soon. Yet, nobody cares about ALTI anymore, very weird.
Why is ALTI not translated to Altair Nanotechnologies, Inc. if it is the same lithium titanium battery company? Are they intentionally trying to mislead the Americans or is it the same company? There must be an explanation for such a different name. China has not been beyond stealing American technology.
Sorry to all the good folks who lost money on this #$%$ stock. 20 years ago they were warned by myself and others please beware.
Now the price is a single thin dime and it is still way overvalued. Be wary good folks. Hi to Trollen and overdosed.