Covalon Technology, Inc. wins $25M contract to supply batteries for electric vehicles

Covalo Technology, a California-based startup that makes batteries for the electric vehicle industry, is set to receive $25 million in a government-backed contract, bringing its total annual revenue to $35 million, according to a filing Thursday with the Federal Aviation Administration.

The award, for the company’s next generation battery, is worth $4.2 million, including $1.1 million in incentive payments.

The company has not disclosed the name of the government agency that awarded the contract, though the FAA has said it will be the US Department of Transportation.

Covalons new lithium-ion battery will be used in a range of electric vehicles, including the Chevy Bolt EV and Tesla Model 3.

The battery will also be used for Tesla’s new Semi trucks, the company said in a news release.

“Covalon Technologies will continue to be a leading innovator and supplier of lithium-air battery technology for the global electric vehicle and battery industry,” said Scott Gagnon, Covalone’s chief executive officer.

“Our mission is to develop, produce, manufacture, and market the world’s most efficient, safest, and cost-effective electric vehicle battery.”

Covalion is a leader in lithium-sulfur batteries, and it is among the largest lithium- ion manufacturers in the world.

The government awarded the $25-million contract in the summer of 2017 to Covalona, which was founded in 2016.

The deal is one of several contracts awarded to Cravid Technologies, a Texas-based company that makes high-tech solar cells and other solar cells.

That company has a $4 million contract with the government.

The Federal Aviation Authority has not commented on the Covalones latest deal.

The FAA’s Aviation Safety Advisory Committee (ASAC) approved Covaloon’s request for the $4-million incentive award in June.

Cravids new battery is the third-generation of the company�s advanced lithium-hydroxide batteries, which are more efficient than existing technologies, according the FAA.

The new battery will provide about 90 percent of the electric vehicles� battery range, Gagnone said in the statement.

The first-generation battery was developed in 2011, and was used in the Nissan Leaf, the electric car the company unveiled in late 2016.

Cascadia’s first-ever commercial-scale battery was produced in 2020, when the company was developing the Tesla Model S, and the company is now the lead supplier for the Chevy Volt.

The next generation of the battery is expected to be commercially available in 2021, the FAA said in its announcement.

____ Follow Josh Lederman on Twitter at http://twitter.com/joshledermanAP ____

후원 수준 및 혜택

우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.