FEV, Inc. Announces Cooperation with EIG on Lithium-Ion Battery Pack Development

Cooperation with EIG, Ltd, Will Utilize Capabilities of FEV's Auburn Hills, Michigan Hybrid Electric Vehicle Development Center

AUBURN HILLS, Mich., Aug. 17 -- FEV, Inc., (FEV) a leading, global developer of advanced powertrain and vehicle technologies, announced today that it will harness the advanced capabilities of its Hybrid Electric Vehicle Development Center (HEVDC) for the development of a 21kW-h Li-Ion battery pack. The battery pack, being developed by FEV, will utilize advanced cells from Energy Innovation Group (EIG Ltd.) for a Range-Extended Electric Vehicle (ReEV) project. The cooperation will enable joint development of solutions to the automotive electrification challenges of both FEV and EIG customers. The battery pack is expected to be demonstrated in a ReEV concept Dodge Caliber that was shown by FEV at the 2009 SAE World Congress.

"FEV is pleased to announce this cooperation with EIG," stated Gary Rogers, president and CEO of FEV, Inc. "The strongest teams are developed when recognized experts from different fields coordinate their resources to solve problems that are critical to the industry. We prefer to work that way with our customers as well as with our partners. EIG is a recognized leader in battery technology and we look forward to jointly developing innovative new technologies that address the needs of our industry."

The complementary cooperation combines the engineering and test core competencies of FEV with the industry leading lithium ion battery core competencies of EIG. FEV will design, implement, test and integrate the battery pack at its North American Technical Center, utilizing its experience in the development of hybrid and electric vehicle applications. EIG brings leading performance in energy and power density batteries as well as a proven ISO/TS certified manufacturing process for high quality prismatic pouch cells.

"We look forward to taking advantage of the synergies between FEV's engineering expertise in transportation solutions and our leading battery performance technology," said Charlie Duncheon, president and CEO of EIG America, Inc. "We believe customers with needs in vehicle electrification stand to gain significant benefits from this combination."

About EIG

Energy Innovation Group, Ltd. (EIG) is a manufacturer of high energy density large format lithium ion polymer battery solutions. EIG products have multiple chemistries and integrated electronic battery management systems that provide safe and economically optimized solutions for the transportation, industrial, military, energy, and other global markets. EIG America, Inc. is a wholly owned subsidiary of EIG Ltd and located in Santa Clara, California.

  www.eigbattery.com

  About FEV

The FEV Group is an internationally recognized powertrain and vehicle engineering company that supplies the global transportation industry. FEV offers a complete range of engineering services, providing support across the globe to customers in the design, analysis, prototyping, powertrain and transmission development, as well as vehicle integration, calibration and homologation for advanced internal combustion gasoline-, diesel-, and alternative-fueled powertrains. FEV also designs, develops and prototypes advanced vehicle / powertrain electronic control systems and hybrid-electric engine concepts that address future emission and fuel economy standards. The FEV Test Systems division is a global supplier of advanced test cell, instrumentation and test equipment. The FEV Group employs a staff of over 1,800 highly skilled specialists at advanced technical centers on three continents. FEV, Inc. employs approximately 300 personnel at FEV's North American Technical Center in Auburn Hills, MI.