GM Response to Reuters Story on Volt Development Costs [VIDEO]

Reuters' estimate of the current loss per unit for each Volt sold is grossly wrong, in part because the reporters allocated product deve...

A123 and Wanxiang Execute $465M sale of up to 80% ownership stake

A123 Systems today announced the execution of definitive agreements with Wanxiang Group Corporation, which follows the non-binding memorandu...

Lithium ion battery prices to tumble 60% by 2020

The price of automotive lithium ion batteries is expected to fall dramatically by the end of the decade and even further by 2025, according ...

DoE spends $43 million on electric car battery research

The Department of Energy today announced that 19 transformative new projects will receive a total of $43 million in funding from the Departm...