Friday May 16, 2008

Bosch sets up lithium-ion project unit in automotive group

greencarcongress.com :

Bosch has set up a new project unit in its automotive group to develop high-performance lithium-ion batteries and packs, and to focus the company's efforts on further developing the core competence it needs for the increased use of electrical motors in drive systems. According to CEO Franz Fehrenbach, more than 40% of the research and development budget now goes into products that conserve resources and protect the environment. Sales generated with these systems are expected to grow at a double-digit rate to more than 750 million euros (US$1.2 billion) in 2008, and are expected to exceed 1.2 billion euros (US$1.9 billion) in 2010.

- Indeed there seems to be a veritable stampede to develop lithium-ion battery packs for the next generation of hybrid cars and electric vehicles. In just the past week or so, we've had announcements from the likes of Nissan and NEC, Volkswagen and Sanyo, and now Bosch is getting into the game. The more the merrier. I'm just waiting for the car manufacturers, the likes of Honda and Toyota, to jump in and integrate them into actual car models.

See also :

1. Nissan, NEC to mass produce lithium-ion batteries for cars
2. VW and Sanyo Electric to partner on lithium-ion batteries for hybrid and electric cars
3. Hybrid vehicle battery market to reach $2.3 billion by 2015
4. A123Systems receives $30m funding to develop hybrid Li-Ion batteries

(2008-05-16 01:20:58 SGT) [Energy] Permalink

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