Companies Charge Ahead With Lithium-Ion Battery Partnership
Financial Times reports that Johnson Controls and Saft have joined forces to build a factory to produce lithium-ion batteries for automotive applications. The factory in Nersac, France will supply batteries to GM, Chrysler and Mecedes, amongst others. Initially, the new venture will be turning out about 5k battery packs per year, increasing production from then on as demand increases. The partnership also plans to produce batteries in Asia and other locations. Meanwhile, Toyota is making preparations with Panasonic to produce Li-Ion batteries for the Prius, while GM works with Continental and LG Chemical to develop batteries for the Volt, and Nissan partners with NEC for their electric car project in Israel. Anyone want to place a bet on how long it'll be before we're fretting over the lithium supply like we do crude oil?