Ener1 is building the best batteries in the world for cars and for this effort they have created thousands of jobs in the market. This is the only firm in U.S.A who is able to produce batteries in large quantity on American soil for the industry of automobile and they have shifted from gasoline to electric.
Auto industry is depending upon the battery industry and this is a fact if someone controls the industry of batteries, it will rule over the auto industry and there are thousands of jobs associated to this industry. Ener1 has recently inaugurated its new production unit near Indianapolis and this will create more than 3000 jobs in the market.
As most of the well known energy companies are going off the market, now people are hoping that Ener1 is the company that can replace the fast disappearing auto companies and many other manufacturing related companies and will create more job opportunities in near future. Lithium ion battery is the technology used by the Ener1 only and this kind of battery is among the best batteries available in the world.
There are some very famous battery manufacturer firms in Asia having a lot of experience in this field and Ener1 need to compete these big giants. Gabelli & Co.’s analyst Brian said that things will be very difficult for Ener1. They are very much hopeful for their ideas but they did not launch any big program yet. Ener1 definitely need to work hard to win this race.
Ener1
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