Competition Intensifies for Electric Car Battery Makers

And while few cars on the road are using lithium-ion, acquisitions are in the air.

Published: 16-Dec-2008

Whether or not a bailout for Detroit comes through, battery makers are anticipating a rosy future for electric cars.

Lithium-ion car batteries are more compact than the more common nickel-based ones, since lithium is one of the lightest elements. And while few cars on the road are using lithium-ion, acquisitions are in the air.

Panasonic is trying to buy a majority stake in Sanyo, a leading maker of lithium-ion batteries, despite opposition from Goldman Sachs, a big Sanyo shareholder.

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