Hybrid Car Review

Ener1, Inc. has been listed under the symbol HEV at the American Stock Exchange.

Ener1, a subsidiary of Enerdel, received a $6.5 million investment from the USABC, the US Advanced Battery Consortium, consisting of Chrylser, Ford, GM and the US Dept of Energy. The investment was phase 2 and involves the development of a production-caliber cell, extensive lifetime testing and evaluation, and demonstrating the technology in battery modules.

Press Release Follows:

NEW YORK, May 8 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today lists the common stock of Ener1, Inc. under the ticker symbol HEV.

Ener1, Inc. engages in the development and commercialization of advanced, high-performance safe lithium-ion (Li-ion) batteries for hybrid electric vehicles (HEVs), plug-in HEVs (PHEVs) and electric vehicles (EVs). Ener1 is also developing commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.

"We are pleased to welcome Ener1 to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO, of Amex. "We look forward to working with Ener1 on building long-term shareholder value and liquidity as well as strong relationships with the investment community."

Ener1 Charles Gassenheimer commented, "We believe strongly in the importance of the milestones that we have set out for the company, our listing on the Amex marks another major goal we have delivered. We are very proud to be associated with Amex, which has become key for energy and energy-related trading. The listing will provide Ener1 higher visibility with the global investment community as well as increased liquidity for our stock, all to the benefit of our current shareholders, future investors and the company as a whole."

The specialist for Ener1, Inc is Weiskopf Silver & Co. For further information on HEV and other Amex-listed companies, please visit http://www.amex.com.