47,500 Electric Cars

Modern Energy Roundup - December 10, 2012

Written by Green Chip Stocks
Posted December 10, 2012 at 7:45PM

Electric Car Sales Soar. . .Again

In case you missed it, Todd Woody over at Forbes reported last week that electric car sales reached a record in November for the fourth consecutive month. Total sales of electric cars for 2012 are now up to 47,500.

You can read the entire piece here.

Chinese Win Bid for US Battery Maker

Well, we thought Johnson Controls (NYSE:JCI) was going to take the lead on this one. We were wrong. Wanxiang America Corporation has just picked up nearly all of A123's assets for $256.6 million. A bargain if we've ever seen one. The only thing Wanxiang didn't get were military contracts, which have been acquired by U.S.-based Navitas Systems for $2.25 million. You can read more here.

100 Megawatts of South African Solar

Suntech (NYSE:STP) and Siemens (NYSE:SI) are getting ready to supply about 100 megawatts of solar panels for two projects being developed in South Africa. The systems are expected to produce about 180 gigawatt-hours of electricity, or enough to power about 15,000 homes.