ion battery UPDATE 1-Needham starts Polypore with strong buy, Ener1 buy
* Say companies that benefit from lithiumAccording to Reuters, June 15, Ener1, which permeates the Chinese market, said Polypore will supply batteries to electric vehicle manufacturersNeedham and Co founded Polypore International. N hybrid cars with "strong buy" and Ener1. O said battery manufacturers will benefit from the growing demand for lithiumion batteries. Ener1 will be a major supplier of lithiumThe price of ion battery systems entering the passenger car market could soar to $24. Analyst Michael Lew said in a note to clients that industry was 7 billion by 2015. The relationship with Chinese carmaker Geely (through Volvo) and the signing of a letter of intent for a joint venture with Wanxiang should pave the way for more opportunities for Ener1 in the Chinese market, Lu said. Polypore, through its Celgard subsidiary, may provide materials used in batteries to power the first wave of electric vehicles from mainstream suppliers such as Nissan (7201. T), Mitsubishi (7211. T), analysts said. Porous lead lithiumLu said that as electric vehicles began to take to the streets, the Ion Battery market and TonenChemical and Asahi Chemical of Exxon Petroleum will maintain a huge market share. Needham set a price target of $27 for Polypore and a price target of $6 for ener1. Polypore's share price rose 5% to $20. Shares on the New York Stock Exchange rose 60 on Tuesday morning, while Ener1 shares rose 6% to $3. 23 on Nasdaq.