A123 bankruptcy

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  • Eodman
    Fast Electric Addict!
    • Sep 2007
    • 1253

    #1

    A123 bankruptcy

    JUst saw on Blomberg A123 just declared bankruptcy. Is there much exposure in our sport ...
    We did it with a Bang!

    Cats Are Where It's At!
  • JimClark
    Fast Electric Addict!
    • Apr 2007
    • 5907

    #2
    not in boats I think more used in planes but still not a lot
    "Our society strives to avoid any possibility of offending anyone except God.
    Billy Graham

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    • graill
      Retired
      • Oct 2008
      • 389

      #3
      Nothing in boats. With the amount of people i have dealt with the last 4 years the industry knows and is familiar with planes and helis, with cars and trucks coming in a close third, i never talked to a tech or VP that was aware of rc boating concerns or that it even existed, i pointed this out a few times in past posts.

      The next question how will this affect battery prices if at all. Though MIT has a couple more battry startups moving.

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      • Basstronics
        Fast Electric Addict!
        • Jun 2008
        • 2345

        #4
        Meh, one down and three more to take its place.

        Theres a certain big name company out there investing in lipo car battery technology as we type... I think you will start seeing more electric cars in 2014...
        42" Osprey, 32" Pursuit, 26" Bling Rocket (rescue), Blizzard Rigger, JAE 21FE rigger, Hobby King rigger (RIP)

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        • Fluid
          Fast and Furious
          • Apr 2007
          • 8012

          #5
          Really? Chevy has periodically stopped the manufacture of the sainted Volt - due to low sales and high inventories. No surprise, even though they loose around $49,000 per car, more than the sales price. Chevy has just discounted the Volt by another $10,000 as of last month in a failed attempt to generate more 'sales' - read give-aways. Volt sales in August was 2831 - which means GM lost $139,000,000. Who has to pay for those losses? Every buyer of a gasoline- or diesel-powered GM vehicle, that's who. California had to allow Volt drivers to drive single in car pool lanes to try to jump-start the sales of electric cars - not working too well either. Next is additional government subsidies for electric vehicles - more of your tax dollars down the drain.

          Stupid idea really, there is no way the US power grid can accommodate many electric vehicles today - and there is no plan to improve the situation for the future. Rolling brown-outs in California are a fact of life as it is, imagine 5 million electric cars plugging in every Summer evening - on top of the current electrical usage. Can you say third-world? I love the TV adverts for the Volt, owners saying they haven't bought gasoline in months. Gives the impression that the Volt is free to operate. Funny, they never never mention how much their electric bill has risen. I wonder what the carbon footprint is for LiPo batteries...I seriously doubt that China invests in carbon credits....


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          • Basstronics
            Fast Electric Addict!
            • Jun 2008
            • 2345

            #6
            Im not at liberty to divulge much of anything. But as with all investments there are risks if you want the rewards. Big companies with very deep pockets well diverse in many industries can run such risks especially considering the rewards.
            42" Osprey, 32" Pursuit, 26" Bling Rocket (rescue), Blizzard Rigger, JAE 21FE rigger, Hobby King rigger (RIP)

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            • larryrose11
              Senior Member
              • Jun 2010
              • 757

              #7
              Fluid,
              Sounds to me like you don’t have a complete picture.
              Every gallon of gasoline refined in the USA has 10 Kw-hrs in it. Not using a gallon means that gallon won’t be refined, and the 10 kW-hr is not consumed by the refinery. A volt battery holds 16.5 kW-hr, of which 10.3 kW-hr is used. 10.3 kW-hr takes the volt about 35 miles, and costs $1.03, @ $.1/ kW-hr
              As for grid capacity, its there if a vehicle is charged off peak. By me (here in Mi) discounts are available if the grid operator can control when the charging starts. As long as it is full in the morning when ya need it, why does it matter? The difference between base load and peak load is about a factor of 3: 3x the powers is used around 3-5 PM than at midnight. This big power fluctuation is part of what drives grid instability.
              Cheetah, Super Rio, (Mod) Starship (Mod and sold),

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              • sanyijr
                Senior Member
                • Oct 2008
                • 376

                #8
                Originally posted by Basstronics
                Im not at liberty to divulge much of anything. But as with all investments there are risks if you want the rewards. Big companies with very deep pockets well diverse in many industries can run such risks especially considering the rewards.
                Does it change anything that A123 also got some nice Green fed dollars and the week before filing for Bankrupcy protection, gave out tons on $$$ in political donations. Real screw-job to the American public. It don't help if they are in bed with politicians

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                • TheShaughnessy
                  Fast Electric Addict!
                  • Mar 2011
                  • 1431

                  #9
                  http://www.csmonitor.com/Business/20...r-new-scrutiny. I couldn't believe gm was taking a 49000 dollar loss on every volt it sells but I guess it's fairly accurate. Read the article

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