Lithium-Ion is the Way to Go ~ Hybrid Car Review
Hybrid Car Review: Lithium-Ion is the Way to Go

Thursday, September 18, 2008

Lithium-Ion is the Way to Go

Lithium-Ion batteries should dominate the hybrid electric car marketplace for the next 10 to 15 years according to CEO Prabhakar Patil of LG Chem Ltd unit Compact Power.

Of course, they're a little biased, since they are going to supply lithium-ion batteries to Chevy for the Volt. They hope to deal with other automakers.

Source: Li-ion seen dominating hybrid market for 15-20 years | Technology | Reuters

Oh, the bottom line? Compact Power expects $1 billion in sales over the next 10 years.

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