"You well know that neither Maxwell or any other supplier is permitted to announce customer products before the customer does so." You should also know that Maxwell could announce that they have a win without telling the who what or where of it....
You don't see this every day---XALT Energy LLC, a Michigan battery maker, agreed to supply Hybrid Kinetic Group Ltd. with lithium titanate batteries for electric buses under a contract valued at more than $1 billion.
XALT will supply the Hong Kong-based electric vehicle maker with batteries that can be recharged in less than 10 minutes under the multi-year contract, the Midland, Michigan-based company said Tuesday in a statement.
The company will begin supplying the batteries starting in the third quarter for buses that will be delivered across China as part of an effort to curb air pollution in the world’s largest carbon emitter.
XALT’s “high quality and cost competitive battery products fit very well with our group’s strategy of launching all-electric public transit buses in large scale,” Yung Yeung, chairman of Hybrid Kinetic, said in the statement.
solar, try reading Mxwl's Q1 report on what Mxwl has to say about China hybrids: A significant challenge we face is our ability to manage dependence on a small number of vertical markets, including some that are driven by government policies and subsidy programs. For example, a large portion of our current ultracapacitor business is concentrated in the Chinese hybrid transit bus and wind energy markets, which are heavily dependent on government regulation and subsidy. These markets may decline or experience slower rates of growth when there are changes or delays in government policies and subsidy programs. In mid-2013, the Chinese government subsidy program which provided subsidies for diesel-electric hybrid buses concluded. The Chinese government then put into a place a new subsidy program which did not include subsidies for diesel-electric hybrid buses. However, our Chinese bus customers then began incorporating our ultracapacitor products into plug-in hybrid buses, which are subsidized by the new subsidy program. The current subsidy program is scheduled to expire at the end of 2015, although it may be renewed or replaced.
More recently, we are beginning to experience significant competition and pricing pressure in the Chinese hybrid transit vehicle market, which has historically represented a significant portion of our sales, mainly as a result of increased competition from local Chinese and other competitors. In the first quarter of 2015 we reduced our pricing and margins for the products sold in this market in order to remain competitive. We remain focused on reducing the cost of producing our ultracapacitors in order to offset in part the lower prices we are now offering in this particular market. However, initially, our cost reduction efforts are not expected to fully offset the impact of these lower prices.
Atlas, I never said" read into it". I quoted the transcript and said "no need to read between those lines". Perhaps instead of accusing me of tweaking Finks words you should read a little better.
solar, why change the subject. We all know about renewables. Read the transcript, FF didn't say pause either. China will be dropping off. Do you seriously think Maxwell has not been selling to the rest of the world already?You can fall for the very old and tired game of talking about "opportunities" or "Value proposition" but Maxwell has now had 4 consecutive quarters of losses and it looks like they will make it 5.They talk of cost reductions but they are also facing lower selling prices. You can try to make this about me all you want but you can't change the fact we are talking about Maxwell. And when you play those games it is clear who really is the one with a agenda.....
"Wind is growing rapidly and MXWL suggested it will move beyond China in that market."--So you also ignored the reason why wind is growing in China- Becasue subsidies are expected to be retired in the second half of the year.--Again, lets go to the transcript: We are seeing continuing robust wind market demand in the current second quarter, likely in anticipation of a subsidy reduction in China that is scheduled to take effect around midyear. While volumes may be lower in the second half of the year as a result of that subsidy reduction, wind should continue to be a solid top line revenue contributor in years ahead-----No need to read between those lines--Volumes for wind are expected to be lower in the 2nd half. Any win in auto will need to more than offset those losses id Mxwl ever hopes to get back into the black...
solar, I quoted the transcript. Nowhere does FF say read between the lines. If anyone is misleading it is you. I would also expect that the comment on China subsidies for wind expiring is also read by you to be positive. It is not.
You know there are transcripts right? Thats not at all what FF said. What he said is you should read into it that they are executing their plan. Nothing is said about a pending win. In fact, I think FF has it exactly backwards here. He says there is less risk going forward, IMO since they are months away without a win there is MORE risk that they will NOT get a win. IMO, they would have known by now if there was..Here's the transcript:---That’s a very good question. Like I already provided here color the last time, I just can reemphasize to your point, it’s now three to six months away. Some start a little bit earlier, some start a little bit later in the fall. But you can read into this that as per the last few months, we have continued to execute on those programs with our partners flawlessly. And while there always remains some risk until those cars launch, as we are getting closer to it, the risk obviously is going to be lower. So I would emphasize that you should read into that everything is going at this point in time and is continuing going to plan.--
"Battery power can't provide that kind of power and reliability on that large of vehicles." They are selling 1000's of battery buses per year worldwide compared to ZERO FC buses? FC buses have been in demonstrations since the 90's.Sure they are being trialled around the world but so far there has never been a large order or even a consolidated order(100's) that would allow any manufacture to commit to mass production.So, they remain very expensive one offs.
""But you can't see that all major carmakers are pouring energy and money into FCEVs?
So the time to buy would be now.""-- Thats wishful thinking- Automakers are going to manufacture their own FC's if they ever become a reality.
"""you can't see the problems of battery recycling (3-4x of a FCEV's battery) """- Provide one single example of recycling a EV battery...
"""Can't you see the advantage of the PTG application?""" No. It is a very wasteful option.Half the energy is lost in the process and it is still uneconomical.
""battery cars won't conquer the world""" Strawman- no one ever said BEV's will conquer the world.
"" I hold the stock, despite being in a losing position, because I am still very interested in the technology. ""--- It is possible to be very interested in something without having to buy stock...Just sayin..
Was this part ok? We are seeing continuing robust wind market demand in the current second quarter, likely in anticipation of a subsidy reduction in China that is scheduled to take effect around midyear.---A reduction in wind subsidies in China?!!!!!
"Contact you securities regulatory body (in the USA it is the SEC) and let them know this is happening and ask them to investigate it." How has that been working out so far? LOL Why don't you look at the year to date chart. Take note of Feb 11th. That big gap you see is when they announced the VW deal. If we can accept that news drives the price up, why can't you accept the fact that lack of news allows the price to stagnate. Who are you going to blame the share price action on after earnings? Ballard should show a profit on a one time "other income" line item. Then folks will look at revenue and realize Q2 is not going to be so rosey.
LA port fleet? Really? The Zero-TT is equipped with a similar battery electric drive system with a hydrogen fuel range
extender. The design specifications include an estimated 8-hour shift with a range of 100 miles
and the ability to haul a 130,000 pound maximum container.
Both projects fell significantly behind schedule, and Vision was unable to begin the
demonstrations within the contractual time period. The contract expired at the end of 2012; at
that time, there were no results to report from the TAP testing period. Vision continues to
develop the vehicles and conduct mini-demonstrations with its private partners.
Where does Verizon Wireless, U.S. Cellular, Office Depot, The Home Depot, and Best Buy send the batteries they recycle? Hmmmmmmm
Industry-wide cost estimates for battery packs for electric vehicles have declined by approximately 14% annually between 2007 and 2014, from above US$1,000 per kWh to around US$410/kWh, according to a systematic review of more than 80 different estimates by a team from the Stockholm Environment Institute. Further, they reported in their paper published in Nature Climate Change, the cost of battery packs used by market-leading BEV manufacturers are even lower at US$300/kWh, and has declined by 8% annually.
The results further suggest that it is possible that economies of scale will continue to push cost towards US$200/kWh in the near future even without further cell chemistry improvements. Their study, said Björn Nykvist and Måns Nilsson, has significant implications for the assumptions used when modeling future energy and transport systems and permits an optimistic outlook for BEVs contributing to low-carbon transport.
Eguana Technologies, a supplier of power control and conversion solutions for distributed energy storage systems and Li-ion manufacturer LG Chem have combined their technologies under a multi-year agreement to deliver a certified, fully integrated energy storage system (ESS) Eguana calls “AC Battery”. The modular system is targeted as a residential product, but also has the potential to be aggregated for small commercial and industrial (C&I) end-users.
Basic product capacity is 6.4 kWh. Eguana designed the package around LG Chem’s battery modules and supplies its Bi-Direx inverter and controls subassembly. The low voltage design enables high-capacity batteries to operate in lower power ratings needed for decentralized systems (i.e. residential rooftop solar). Eguana has also worked with Germany-based Sonnenbatterie on a similar ESS solution.
The Eguana power control system manages system power flow and handles the core power conversion functions—AC→DC and DC→AC—as well as connectivity with power grid. It also hosts the consumer gateway and battery management system.
The AC Battery is pre-integrated and fully certified, and requires only a grid connection and a dispatch signal to provide a fully functional and durable energy storage installation to the consumer. The AC Battery provides flexibility for system aggregators which want to deploy it as part of new solar storage installations or as a retrofit to solar PV installations already in place.
The AC Battery can be paired with any of the Energy Storage Management Systems currently coming to market for a broad range of applications.