On Tuesday, March 1, The US Government announced that his administration would build a national network of 500,000 electric vehicle charging stations on the nation’s roads, using money included in the bipartisan infrastructure law he signed in November. The US government signed the bipartisan infrastructure law last year and allocated $15 billion to building electric charge stations across the country.
While the nation applauds this brilliant initiative by the US government, it is safe to say, Larry Hales, CEO of Hales Global Group and Vernon E. Jordan Jr. were ahead of this initiative. In the U.S., interest in electric vehicles began in the 1970s, but at first, little was done to develop this emerging industry. Larry Hales and Vernon both saw that it was a promising new field and would create many opportunities, especially for the lithium-ion battery industry.
The U.S. electric vehicles industry started in the 70s, and not much was done in terms of development and innovation until the Clinton administration, which spanned from 1993 to 2001. During the Clinton administration, Vernon E. Jordan, Jr., a legendary lawyer and presidential advisor, was a sounding board member and a great dispenser of professional advice to Larry Hales, founder of the Hales Global Group, a Washington, DC business development and government relations firm.
In 1999 under the Clinton and Gore administration, the U.S. Transportation Secretary Rodney E. Slater announced a scheduled national test for high-speed electrical vehicles. The project was called The National Electric Vehicles Corridor Infrastructure network, and it marked the start of Larry Hales’ involvement with the electric vehicles industry.
More info: https://youtu.be/mX9e5QaXVko
After the Clinton and Gore administration, the electric vehicles industry of the United States suffered a massive decline due to negligence but was revived again during the Obama administration. Again, in 2009, Vernon E. Jordan showed his loyalty to Larry Hales as the lawyer was close to the 44th U.S President. Larry Hales was quick to seek the advice of Jordan for his client, Wanxiang, the largest Chinese company in the world based in Chicago.
Hales Global Group worked through many hurdles on behalf of Wanxiang that led to Wanxiang purchase of A123 Systems on January 28, 2013, for $256.6 million and the creation of A123 Systems, LLC. All of which added to the growth of the lithium-ion batteries used in the U.S. electric vehicles industry. Wanxiang secured the opportunity to qualify as a Chinese company to buy an American R&D battery company, A123 Systems, which developed nanophosphate technology developed at the Massachusetts Institute of Technology (MIT). In 2021, Wanxiang had revenues of over $112 billion making it the largest Chinese-owned company in the world.
While their ideas seem irrelevant over three decades ago, the US government’s speech announcing the disbursement of funds to build electric charging stations for the Electric Vehicles Industry proves how relevant Larry and Vernon’s idea was. Larry and Jordan helped Wanxiang, the largest Chinese company in the world, buy an American R&D battery company, A123 Systems. This purchase added to the growth of the lithium-ion batteries used in the U.S. electric vehicles industry.
Like Larry and Vernon envisaged, the battery industry will enjoy exponential growth in the coming months as the proposed network of electric charge stations will be implemented. With the Army Futures Command symposium closing in, Larry Hales is giving tech businesses and entrepreneurs the chance to display their innovations and technologies to secure government contracts.
Larry Hales has been chosen as one of the 150 speakers at the VERTEX/Energy Symposium in Austin, Texas. The symposium is scheduled for April 19 – 21, 2022. At the symposium, participants would be expected to market recommendations and innovations that can be used to strengthen and equip the U.S. Army.
About Army Futures Command
The Army Futures Command (AFC) leads the ongoing modernization of the Army to provide future warfighters with the concepts, capabilities, and organizational designs needed to dominate a future battlefield. Headquartered in Austin, Texas, AFC has more than 26,000 people worldwide. The Army’s six modernization priorities focus on the AFC’s eight Cross-Functional Teams: Long Range Precision Fires; Next-Generation Combat Vehicle; Future Vertical Lift; Army Network; Air and Missile Defense; Soldier Lethality; Assured Positioning Navigation Timing; and, Synthetic Training Environment. The Artificial Intelligence Task Force and Army Applications Lab also support the AFC’s efforts. AFC collaborates with entrepreneurs, scientists, industry, and academia to create the best solutions to keep Soldiers safe and America strong.
About Hales Global Group
Hales Global Group is a boutique consulting firm providing targeted business development and market research solutions. The firm’s senior consultants have deep and broad industry backgrounds and international business expertise. They include experienced entrepreneurs and business advisors to companies and federal government agencies worldwide.
To learn more, log on to www.halesglobal.com/about.
Media ContactCompany Name: Hales Global Group, LLCContact Person: Larry HalesEmail: Send EmailPhone: 202-489-0705Address:1717 K Street NW Suite 900 City: WashingtonState: DC 20006Country: United StatesWebsite: http://www.halesglobal.com/
