DETROIT—Sales of lithium ion batteries are expected to grow from $1.6 billion in 2012 to $22 billion by 2020, according to a report from Pike Research.
DETROIT—Wanxiang Group, a large Chinese auto parts maker, has won a high-stakes auction for the assets of A123 Systems, the bankrupt American battery maker.
LYONS, PA—East Penn Manufacturing Co. Inc. is investing $100 million to build a new assembly plant here to make batteries for forklifts and automobiles.
OBERHAUSEN, Germany—Researchers at the Fraunhofer Institute for Environmental, Safety and Energy Technology in have developed a new fluid for cooling the costly batteries in electric vehicles.
SCHENECTADY, NY—GE will unveil a new battery assembly plant here on July 10. The batteries are for backup power and energy storage in the telecommunications industry and for utility grids.
WALTHAM, MA—A123 Systems has unveiled a new lithium ion battery technology, the Nanophosphate EXT, which will enable the pack to operate at extreme temperatures without requiring thermal management.