electric car batteries

GM Makes a Deal for Cheaper, Longer-Lasting Batteries

The automaker has licensed technology from the Energy Department's Argonne National Laboratory that will boost the performance of lithium-ion battery cells. The next-generation power packs will be made at a new plant in Michigan by Korea's LG Chem.

Hefty U.S. Funds to Jump-Start Electric-Car Sector

Federal funds will help create a big-enough manufacturing base to produce up to 500,000 electric cars yearly by 2015, according to the Energy Department. The funds, part of the economic stimulus program, will also boost the U.S. share of global battery production to 40% by 2015.