Article: The Big Battery Race is On

[TEG]

The Big Battery Race is On: Can the U.S. Compete? | BNET Auto Blog | BNET

 

[Kevin Harney]

This was interesting ...

The much bigger Advanced Technology Vehicle Manufacturing Loan Program (ATVM) is also Energy Department-administered and was part of the federal energy bill, has $25 billion, and will reportedly start doling out loan money in the next five or six weeks.

 

[malcolm]

Winners announced:

The White House - Press Office - 2.4 Billion in Grants to Accelerate the Manufacturing and Deployment of the Next Generation of US Batteries and Electric Vehicles



Obama announces battery grants: Big Three, Michigan, li-ion companies come out winners — Autoblog Green

 

[vfx]

And more

After $2.4 billion for batteries, feds give out millions for smart grid, biofuels, more — Autoblog Green

Energy Secretary Steven Chu has announced $347 additional million from the American Recovery and Reinvestment Act to an assorted array of projects that aim to provide energy security for the U.S. The projects cover smart grid work, supercomputing, genomics related to bio-energy, materials science, fusion energy, integrated climate research and smart grid technologies.

 

[Serge]

GCC: SB LiMotive to Invest $410M by 2015 in Plant for Li-ion Batteries for xEVs; Targeting 30% Market Share

Competition is going to be stiff.

The new plant, which will be built in the southeastern city of Ulsan, South Gyeongsang Province, will produce secondary batteries used in hybrid electric vehicles from 2011 ...

"The joint venture is targeting a 30 percent share in the global auto battery market by 2015," Kim Soon-taek, CEO of Samsung SDI, said.

The products to be manufactured by the plant will exclusively be supplied to German automaker BMW. SDI executives said the venture sent some samples to other carmakers to expand its client base.

Producers of secondary or lithium-ion batteries have a prosperous future as the auto industry moves away from the internal combustion engine.

Did TM receive some of those samples?