Ener1 Supplying Lithium Ion Batteries for World’s Fastest Electric Motorcycle

Reuters reports that Ener1 (NASDAQ:HEV) announced lithium ion battery cells distribution deal with the leading high performance electric motorcycle manufacturer, Lightning SuperBike.

The market news is quoted as saying:

Technically, shares of HEV remain in a long downtrend and currently trade below the buck level. Shares aren’t moving on this news and there is no reason to believe a bottom is in at this point. The stock needs a couple big up days to get back above the buck level.

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