Ener1 Names New President for Operations

Pankaj Dhingra, Former Delphi Executive, to Join Ener1

Senior Management Team

Dec 06, 2004, 00:00 ET from Ener1, Inc.

    FORT LAUDERDALE, Fla., Dec. 6 /PRNewswire-FirstCall/ -- Ener1, Inc.
 (OTC Bulletin Board:   ENEI) today announced it has named Pankaj Dhingra as
 President of its lithium battery, fuel cell and nanotechnology business group.
 In addition, Mr. Dhingra will be President of that group's EnerDel, Inc.
 subsidiary.  Mr. Dhingra brings over 20 years of high-level management,
 operations and financial experience to these positions, most recently as
 Business Line Executive for Delphi's Energy Management Systems business.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20040825/FLW010LOGO )
     Mr. Dhingra's appointment is a key step in Ener1's current transition of
 its energy-related businesses (especially its lithium battery operations) from
 research and development to design, manufacturing and product sales.  Mr.
 Dhingra's experience in senior management positions involving manufacturing is
 expected to help Ener1 complete this transition as part of its ongoing
 business plan.  In addition to EnerDel (which Ener1 recently formed to combine
 its lithium battery assets with those of Delphi), Mr. Dhingra will be
 responsible for operations of Ener1's EnerFuel subsidiary, which is engaged in
 development, marketing and testing of fuel cell components and NanoEner, Inc.,
 Ener1's nanotechnology materials and manufacturing subsidiary.  Mr. Dhingra
 will report to Kevin Fitzgerald, Chairman and Chief Executive Officer of
 Ener1, Inc.
     Mr. Fitzgerald commented: "We are very happy to have someone of Mr.
 Dhingra's caliber join our organization.  I believe that his combination of
 skill and experience in building businesses along with his cross-functional
 experience in senior management, finance, strategic planning, sales and
 marketing comes at an ideal time in our development.  Mr. Dhingra's ability to
 manage operations for bottom-line performance and his ability to develop close
 working relationships with multinational corporations makes me very confident
 that we will accomplish our business plan.  In particular, his experience in
 the lithium battery business with Delphi over the last several years should be
 invaluable to our EnerDel operations.  We are gratified at the confidence in
 Ener1's business plan exemplified by Mr. Dhingra's decision to come to us from
     Mr. Dhingra added, "I am excited about this opportunity to become a part
 of Ener1's senior management team.  I share Ener1's vision for its future and
 plan to bring my experience and long term business relationships to bear in
 helping transition its energy-related businesses into the manufacturing and
 marketing phases."
     Mr. Dhingra has worked for Delphi and GM for twelve years in treasury,
 finance, strategic planning and business line management.  During this time,
 he has focused on delivering revenue and profit growth through significant
 mergers and acquisition transactions, establishing joint ventures and
 manufacturing operations internationally and introduction of new technologies
 in the marketplace.  Prior to joining GM, he spent eight years with Unisys
      Mr. Dhingra has a B.S. in Electrical Engineering from India and an M.B.A.
 in Marketing and Finance from Columbia University.
     About Ener1, Inc.
     Ener1, Inc. (OTC Bulletin Board:   ENEI) develops and markets new
 technologies and products for clean, efficient energy sources.  Ener1 markets
 lithium batteries and battery packs through EnerDel, its majority-owned
 venture with Delphi Corp.  Ener1 also develops and markets nanotechnology-
 based materials through its NanoEner, Inc. subsidiary and fuel cell components
 and testing services through its EnerFuel, Inc. subsidiary.  Ener1's products
 have applications for markets that include power tools and industrial
 equipment, medical devices, hybrid vehicle propulsion and military
 communications.  For more information on Ener1's products, please visit its
 Web site at http://www.ener1.com or call (954) 556-4020.
     Safe Harbor Statement (Ener1, Inc.)
     This release contains forward-looking statements within the meaning of the
 Federal Private Securities Litigation Reform Act of 1995 conveying
 management's expectations as to the future based on plans, estimates and
 projections at the time the statements are made. The forward-looking
 statements contained in this press release involve risks and uncertainties,
 including, but not necessarily limited to, the ability of Ener1 to
 successfully develop and market proposed lithium battery, fuel cell and
 nanotechnology-based products and services, the degree of competition in the
 markets for lithium battery, fuel cell and nanotechnology-based products and
 services, Ener1's history of operating losses, the lack of operating history
 for the development stage Ener1 businesses, the need for additional capital,
 the dependency upon key personnel and other risks detailed in Ener1's annual
 report on Form 10-KSB for the year ended December 31, 2003, as well as in its
 other filings from time to time with the Securities and Exchange Commission.
 These risks and uncertainties could cause actual results or performance to
 differ materially from any future results or performance expressed or implied
 in the forward-looking statements included in this release. Ener1 undertakes
 no obligation to publicly update or revise any forward-looking statements,
 whether as a result of new information, future events, or otherwise.
      Media Contact:
      Alys Daly
      954-556-4020 or

SOURCE Ener1, Inc.