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US Corps Want $1B from Govt For Battery Factory

tristanreid (182859) writes | more than 5 years ago

Power 0

tristanreid (182859) writes "The Wall St. Journal reports that a consortium of 14 U.S. technology companies will ask the Federal Govt for up to $1 billion for a plant to make advanced battery technology, as a part of the broad fiscal stimulus package that Pres. Elect Obama is planning.

The story quotes a report by Ralph Brodd, which suggests that while existing battery technology was developed in the U.S., the lead in development is now held in Asia.

From the WSJ story: "More than four dozen advanced battery factories are being built in China but none, currently, in the U.S.""

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