Electric Car Battery Makers Looking for Juice from Gov't Stimulus Plan
WASHINGTON -- The U.S. is struggling to catch up with China, Japan and Korea in a race to build the advanced batteries needed to power the electric cars of the future.
The latest setback came last week, when General Motors picked a Korean company over an American rival to build lithium ion batteries for GM's Chevy Volt, which is due on the market late next year.
Lithium ion is the current hot technology to replace the familiar lead-acid batteries used in most cars today, and the newer nickel-metal hydride batteries in hybrid electric vehicles, such as Toyota's popular Prius.
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