Valence Technology Lithium Phosphate Batteries Pass First Phase of Ford Test Program in Germany

By Eddie Staley
Benzinga Staff Writer
July 20, 2011 4:02 PM

Symbols: VLNC

Posted in: News

Valence Technology, Inc. (NASDAQ: VLNC) today announced its lithium phosphate batteries earned favorable first phase reviews during a large electric vehicle assessment program being conducted by Ford-Werke GmbH in Cologne, Germany.

As part of the colognE-mobile study, Smith Electric Vehicles in the UK manufactured and delivered 10 Smith Edison™ electric vehicles to Ford in February 2010. The study has been underway for 15 months and Ford recently announced that the vehicles are meeting reliability, practicality, and ease-of-use goals.

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Valence Technology Lithium Phosphate Batteries Pass First Phase of Ford Test Program in Germany

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