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Saturday, October 30, 2010
Lithium Metal Polymer Battery from DBM Energy - Secret of The World Record With Electric Car Revealed tnr.v, rm.v, lmr.v, alk.ax, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc
at 12:02 PM
Last week we saw the news on numerous websites about the new magic battery from German start up DBM Energy, which allows to power an Electric Car for...600 km! We were digging the information and now can tell you - that if this information will be confirmed - we have a breakthrough in lithium battery technology. We do not know the cost of this battery at this moment, its specific power and other specs, but claims are so impressive, that we still need further confirmation and verification by the third parties.
Over 300 Wh/kg - to put it in perspective - Nissan Leaf 24 kWh battery will be in this case 80 kg! Now weight of the battery pack for Nissan Leaf is 300kg. Renault Fluence 22 kWh battery weight is 250 kg.
Lifetime of 2500 Charge cycles without degradation - if you drive 200km every day and have to charge this battery every 3 days - you have 20 years of lifespan of this battery! Everything with a solid 10 year warranty will work for Electric Cars mass market. Solution so far was 8 year warranty by GM Volt and Nissan Leaf and Renault actually announced that they will lease the lithium batteries - we called it the breakthrough for EV mass market at the time.
6 min charge time for 100 kWh - it is important to know with what kind of a fast charger it was done, but in anyway - if battery can sustain 2500 cycles with this kind of fast charger - it is another breakthrough. Question will in Charging Infrastructure, but it is 6 min for 100 kWh - too good to be true.
and it is ... LMP Lithium Metal Polymer!
Even if these claims will be true by only half in a normal market and industrial conditions we, maybe, have already stepped in another era for EVs. Lithium and REE resources will gain their strategic importance overnight now. Confirmation of these claims by DBM Energy means that we can move today to Electric Cars, even without the claimed cost advantage vs "normal" lithium cells technology. Even if the price now will happen to be the same as known technology - mass market production of electric cars will bring prices of the batteries down faster than 8% per year according to Elon Musk from Tesla Motors.
Link to the German Federal Ministry of Economics and Technology.
SpiegelOnlineAuto: 600 km without rechargingE-Car provides coverage record
Technical Data Audi A2 with DBM Energy battery
Technical data:
Vehicle Audi A2 1.4 L
Year 2004
Performance 55 kW peak
Weight 1260 kg (empty)
Range 650 km
Battery capacity 260 Ah
Rated voltage 380 V
Energy content 98.8 kWh
Weight 350 kg
Operating temperature -20 ° C to +80 ° C
Usable energy content 97%
Life cycle 2000 cycles
Life calendrical 10 years
Facilities:
Power steering
Power windows
Electric mirrors
Parking assistance
Heated
Air conditioning
Electric Locks
Digital SOC - Display
Car Entertainment Multimedia
320s Sport steering wheel
4 Seats
Airbags
ABS
ESP
Engadget:
DBM Energy's electric Audi A2 completes record setting 372 mile drive on a single charge
116 miles in an electric vehicle? No problem. But you'll quite literally be pushing your new Nissan Leaf another 250 miles to achieve what's being hailed as a world record in Germany. Little Lekker Mobil, a four-seat Audi A2 refitted with an experimental electric powerplant as part of a government sponsored project with Germany's lekker Energie and DBM Energy, just completed a 372-mile (600-km) stretch of road between Munich and Berlin on a single charge, a journey that lasted around seven hours. Even with the heater running, the modified A2 with fully usable trunk arrived with spare electricity in the "tank." The battery uses DBM Energy's KOLIBRI AlphaPolymer Technology said to be 97 percent efficient and chargeable from virtually any socket -- plug it into a high voltage DC source and it can be fully charged in just six minutes according to the car's driver and battery inventor, Mirko Hannemann. While Hannemann wouldn't be pinned down on pricing for the battery, the 27 year old did say that it would be more powerful and cheaper than conventional lithium ion batteries. He even went so far as to suggest that his company was ready to begin mass production of the batteries now -- presumably aided by the large sacks of money he'll be handed after pulling off the record breaking stunt."
DBM Energy Website.
Google Translation : DBM Energy Website.
"Why ...
... Lithium is the new star in heaven battery?
... is the lithium polymer technology superior to others?
... HUMMINGBIRD is the technology renaissance of mobility?
"- Secure pathways to the future of electric vehicles" on the Registrar Summit
Chancellor Angela Merkel insisted the desire of Germany to lead market electric vehicles in Germany and the will to innovate. Just two months later appear to aversieren reports of major auto companies to the contrary.
So bought Daimler in China and USA, Volkswagen and BMW also drive more and more with foreign batteries and all with German funding? None of the companies in their actions shows real interest in battery technologies, which are virtually on their doorstep. Instead, they always give the advantages of conventional Verbrennertechnologie for the best.
The DBM is now publishing a book of presentation showing the current state of battery technology for electric vehicles and industrial power supply and raises the question why is the electric vehicles from becoming even when the battery is not the problem?
Important issues that were worked up by using scientific studies, they form the basis for the book "Lithium - A new era of energy storage". The book compares the lithium polymer-based technology to conventional batteries, as well as conventional lithium-ion batteries, and shows how the new technology applications that will be seen only by lobbyists in the distant future, already makes it possible.
Experts come to the conclusion:
The actual state of battery technology in 2010 is equivalent to what is in the media and policy documents actually required until 2015 - a fact that not everyone would like."
Questions and answers:
"Where does lithium?
Lithium is an alkali metal that makes up 0.006% of the earth's crust and therefore somewhat more common elements such as lead, tin or cobalt. Lithium as a raw material derived mainly from salt lakes like the Salar de Atacama in Chile, the Salar de Uyuni in Bolivia. In these lakes, the lithium is a salt, for example, in conjunction with chlorine. The liquor goes through several stages of evaporation and purification, to the lithium technically processed there.
As the world's lithium reserves are even larger than the lead well, a long-term raw material security is guaranteed.Projections assume an availability from almost 1,300 years. (Source: Chemetall)
What makes lithium so special?
Lithium is the lightest of all metals and also has one of the highest response potential among the elements. As a result, this metal is particularly well suited to store large amounts of energy and release it again.
Can the KOLIBRI alpha polymer technology burn or explode?
NO. An accidental self-ignition of the battery is not possible. Although the material contains lithium at a high reactivity, but it has managed the DBM Energy GmbH, through new, innovative steps in the production of lithium, treated and prepare that no potential danger exists. New membrane and coating technologies ensure that the hummingbird cells are manufactured with maximum precision. This makes the batteries are not temperature, not shock or vibration-sensitive and precludes the possibility of spontaneous combustion by a metallic fire inside the cell.
If the KOLIBRI battery, a lithium-ion technology?
NO. The hummingbird is a lithium battery based on polymers. This type of battery is very different from the lithium-ion technology, which both construction and components is concerned.
What the KOLIBRI technology makes it so unique?
In contrast to conventional battery technologies is the hummingbird a pure solid cell from which neither can nor liquids gases to escape. Most modern membrane technology and a special electrolyte composition provides the excellent performance figures for the hummingbirds.
What are the benefits of alpha polymer KOLIBRI Technology?
The Hummingbird allows you to reach new dimensions of your daily work. The use in many applications, it enables you to achieve significant process improvements and save money. You can replace your current battery with no additional costs or life change that can lead to a loss of productivity.
For which applications the polymer-alpha KOLIBRI Technology be used?
The Hummingbird technology can be used in any battery application, which is possible today. There is no limit on individual applications or industries. You can replace all your conventional batteries, except for example in mobile or stationary application in a forklift in the UPS system. More detailed information can be found under the menu item "Products".
Is a modification of the equipment needed?
NO. A conversion of your devices is not necessary. Our goal is to offer solutions that are available to you NOW. This means that age out battery, new battery is clean and that your no extra effort or significant interruption of ongoing operations.
What Do I need to use a KOLIBRI batteries?
When using the batteries hummingbird the order of the general caution should be noted, as in dealing with any other product also (from the ruler up to the ink pad). Apart from offering the KOLIBRI fully operational at temperatures between -40 and 100 ° C and is not to shock, vibration or pressure sensitive.
Can I actually save the KOLIBRI Technology costs and energy?
The use of a hummingbird battery, save without sacrificing performance, safety or comfort to. The sole can replace a conventional lead-acid batteries by the hummingbird save 70% energy and money. This effect is caused solely by the higher efficiency of the battery. In addition, the KOLIBRI of the handling is so problematic ago that no expensive replacement stations are needed. Depending on the application, you can also forgo the purchase of spare batteries.
With the alpha KOLIBRI polymer technology at actually protecting the environment?
By the hummingbird you reduce your electricity consumption by 70%, which can improve the CO2 footprint of your company and its products significantly. In addition, the hummingbird No heavy metals or poisonous gases or liquids that can be the charge to your employees or the environment. All materials used in the hummingbird are completely recyclable and the value chain can be fed back completely, without costly or dangerous treatment."
More details from CleanMPG.com:
375 Mile BEV Drive Highlights New Battery Technology - The Silver Bullet Was Fired!
Wayne Gerdes - CleanMPG - Oct. 29, 2010
2010 Audi A2 travels 375 miles on a single charge equipped with DBM Battery tech.
Could obsolete the 2011 LEAF and Volt overnight!
Since 2008, the DBM production-ready battery technology has been setting new standards in a number of very unique areas. And the question was raised. What if you would use this battery technology to drive an electric vehicle? The result was the Munich-Berlin project or a BEV for everyday use.
Hummingbird Alpha Polymer Battery
The Hummingbird alpha polymer technology is more than just a battery; it is a complex system consisting of high-quality individual components. The cells use the lithium metal polymer technology with an important difference. That being reliability.
The Cells are also devoid of “any” harmful or toxic substances, heavy metals, liquids or gases. The basis of the high performance is a complex membrane technology from which the cells achieve a high degree of stability and efficiency.
Some History
Developed by the DBM, the KOLIBRI alpha polymer technology has been on the market since 2009 in various in industry and renewable energy applications.
In September of 2009, a KOLIBRI alpha polymer battery installed in a simple electric forklift displayed spectacular performance during a demonstration run. The KOLIBRI battery charged to just one-third of its nominal capacity was let loose with an unheard of and claimed efficiency of 99.7%!
In January 2010, DBM was presented with an Innovation Award for their development of the extremely efficient yet powerful battery technology.
Today
DBM did not stop there. In September of 2010 using an even more advanced prototype of the alpha polymer battery, it was proven that commercial BEVs could be driven throughout a 24 hour cycle on a single charge!
With this feat behind them, series production and fast track technology adaption for other applications soon followed.
First out of the gate was the German National development planning team for electric mobility whose stated goals include 185 mile All-Electric Range (AER) BEVs by 2015. With the new technology available, this goal was set to be conquered this year! A BEV using the KOLIBRI technology could not only achieve 185 miles range but double that. And double that they did!
The new frontier has been breached. Namely, 375 miles on electricity without restrictions.
Adding, the battery is supposedly able to recharge in just 6-minutes from a very high current, DC source.
The World Record All-Electric Drive - Munich to Berlin
Monday, Oct. 25, 2010 – 09:00 PM -- Departure from Munich
Tuesday, Oct. 26, 2010 - 01:00 AM -- Arrival in Franconia Forest - Distance traveled: 200.26 miles.
National Development Plan for Electric Mobility of 185 miles has been exceeded and there is still over ½ the charge left in the batteries!
Tuesday, Oct. 26, 2010 - 05:00 AM -- Arrival in Berlin.
Distance covered 375 miles on a single charge. That is a world record and at a damn good clip too!
In addition to the night drive to keep traffic at bay, it was cold and the A2 even transitioned through a bit of rain!
Audi A2 DBM Specifications
- Empty weight: 2,620 pounds <-- That is a light aluminum car with a battery big enough for a 375 mile AER trip!
- Battery Detail: Li-Fe-Poly (260 Ah/380 V) cell voltage of 3.8 volts <-- 100 kWh pack?
- Battery weight: 660 pounds <-- More than likely 120 kWh at a .2 kWh/mile minimum from just 660 pounds? Yet another game changing "Super Battery" Spec.
- Charging Time Average: Approximately 4 hours for 70-miles AER at maximum V and Current from a European household circuit.
- Charging Time Minimum: 6 minutes (a future solution) <-- Got a Coal or Nuke Plant nearby that you can tap into its 345 kV AC through a rectified super DC circuit? In addition, a charge rate that high leads to a discharge rate of enormous proportions. How much HP you want is only limited by the size and current capability of the electric motor you want to install and the Inverter and BUS' current limited capacity. That is if you use an A/C motor ;)
- Battery Cycle Limit: Life Time of 2500 full charge cycles with no loss of capacity! <-- Yet another game changing "Super Battery" Spec.
- Battery Service Life Target: 300,000 miles <-- Jesus H. ...
- Top speed: 99 mph
- Transmission: 5-speed MT
- Motor Torque: 230 lb-ft.
Very Early Conclusions
Congratulations DBM for not only achieving the impossible but doing so in a manner as to make the $100’s of Billions spent to date a waste "if" the power and energy density, price, long term reliability, safety and packaging of your new battery turns out to be as spectacular as your recent world record and specs lead us to believe?
If all the above conditions were met (not 2,000 pounds of batteries instead of a claimed 660 pounds or taking up the entire rear seat, rear cargo space and engine compartment... Or something else just as silly?), it really does appear that our addiction and the grip that foreign oil has had around our necks for decades may be coming to a close.
Thank you from so many here in the US and I hope you become the most wealthy company on the face of the earth as you certainly deserve it "if" what has been achieved can be applied to the rest of our transportation solutions."
- Electric Audi A2 Claims Distance Record on Public Roads Thanks to Lithium Metal Polymer Batteries (treehugger.com)
- Lithium Drive: Elon Musk on the Model X SUV and Tesla's New Batteriestsla, tnr.v, rm.v, lmr.v, alk.ax, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc (sufiy.blogspot.com)
- Lithium Drive: Your own "Home Gas Station" - Charging the GM Volt GM TNR.v, RM.v, LMR.v, ALK.ax, LIT, WLC.v, CLQ.v, LI.v, ORE.ax, GXY.ax, SQM, FMC, ROC, TSLA, HEV, AONE, VLNC, RNO.pa, NSANY, BYDDF, DAI, F (sufiy.blogspot.com)
- Lithium Drive: Paris auto show: Electric cars create buzz TNR.v, CZX.v, RM.v, LMR.v, LIT, LI.v, WLC.v, CLQ.v, AVL.to, RES.v, HEV, AONE, VLNC, GM, G, BYDDF, NSANY, RNO (sufiy.blogspot.com)
- Lithium Charge: Statement by Energy Secretary Steven Chu on Groundbreaking of BASF Advanced Battery Materials Plant tnr.v, rm.v, lmr.v, alk.ax, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, (sufiy.blogspot.com)
- Electric cars charge in as rollouts line up TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to, (sufiy.blogspot.com)
- Buffett-Backed Electric Car Pact dai, byddf, tsla, tnr.v, czx.v, rm.v, alk.ax, lmr.v, lun.to, sqm, fmc, roc, f, gm, nsany, rno.pa, (sufiy.blogspot.com)
- Powered by LIthium: Barrons: A Big Bet on Electric Cars TNR.v, TSLA, RM.v, LI.v, LMR.v, CLQ.v, WLC.v, HEV, AONE, GM, GOOG, RIMM, NSANY, BYDDY, F, TM, (sufiy.blogspot.com)
- Lithium Charge: Bloomberg: GE's Biggest Electric-Vehicle Order a 'Huge Step Up' tnr.v, rm.v, lmr.v, alk.ax, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc (sufiy.blogspot.com)
- Electric Charge: U.S. R&D Spending Aims to Jump-Start Electric-Car Industry TNR.v, TSLA, CZX.v, RM.v, LI.v, WLC.v, CLQ.v, LIT.v, HEV, AONE, GM, F, FCX (sufiy.blogspot.com)
- Catalyst: Peak Oil, REE and Lithium: The Next Oil Shock? TNR.v, CZX.v, RM.v, ALK.ax, LUN.to, REE, MCP, SQM, FMC, ROC, LI.v, WLC.v, CLQ.v, AVL.to, GXY.ax, ORE.ax, HEV, VLNC, AONE, F, NSANY, BGGF, GM, DAI, RNO.pa (sufiy.blogspot.com)
- Investing in Lithium: Looking for Catalyst TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)
- Investing in Lithium and REE: S-BOX Lithium Total Return Index (DE000A1CQ7A7) TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)
Lithium Drive: MINI - New Electric Scooter bmw, tnr.v, rm.v, lmr.v, alk.ax, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc
at 10:41 AM
If only Electric Scooters can have at least 25% growth rate of Electric Bikes in China, our mass markets for EVs will be taking off very fast.
They are destined to be a hit in Europe, where CE scooters are presented already in a mass market fashion. Huge growing markets in Asia will be the next step in developing of this EV segment. Paris Motor Show 2010 has put on the map a few models ready to go on the market: Peugeot have a few models alone among other automakers.
"The world is going mobile and everyone wants stay mobile - we want to achieve this right regardless of Oil price and its availability. Now, we have technology which enables us to do so - our mobile communication devices and Electric Cars. What allowed this to happen is the drastic technological improvement of the battery technology and the discovery of a very powerful chemistry based on lithium ion solution. Billions of dollars and years of research have manifested as iPads, iPhones and Electric Cars."
Lithium Charge: Statement by Energy Secretary Steven Chu on Groundbreaking of BASF Advanced Battery Materials Plant tnr.v, rm.v, lmr.v, alk.ax, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc
at 6:57 AM
Here you can see the place of Cobalt in some chemistry's of Lithium ion batteries. Yesterday's announcement from GE about "the biggest ever" order for the EVs will bring Obama's target one step closer. It looks like at least some people in US Corp. board room are taking situation seriously.
"We have another warning on Peak Oil situation - this time it is the report from New Zealand Parliament "The New Oil Shock?" This year we have a staggering number of reports and warning on the looming Peak Oil situation. It takes time for reality to settle in, particularly, when nobody knows what to do with it. We have put REE in the headline and only few months ago we would have to explain, what is it all about - now suddenly everybody is talking about REE and stocks involved in Rare Earths are all making new highs. It takes a crisis for us to realise that fundamentals are driving the real trends. Sudden realisation that China controls more than 90% of REE market and their reserves maybe will last only for another twenty years, created the catalyst in the market place."
DOE:
October 27, 2010
Statement by Energy Secretary Steven Chu on Groundbreaking of BASF Advanced Battery Materials Plant
Recovery Act Investment Will Support Job Creation, U.S. Economic Competitiveness and Advanced Vehicle Industry
WASHINGTON, D.C. - U.S. Energy Secretary Steven Chu issued the following statement on today's groundbreaking of BASF's new production plant for advanced lithium-ion battery materials, funded in part through the Department of Energy's Vehicle Technologies Program.
"This groundbreaking is an illustration of how Recovery Act investments are creating jobs and building new industries here in the U.S. Today's announcement puts Elyria at the forefront of innovation in America's automotive industry. This region will stand as an example of America's economic competitiveness and our commitment to supporting a strong manufacturing industry," said Secretary Chu.
BACKGROUND INFORMATION ON TODAY'S ANNOUNCEMENT
BASF Catalysts, LLC was awarded $24.6 million under the American Recovery and Reinvestment Act to establish a facility to produce 2,500 metric tons per year of nickel-cobalt-metal cathode materials, a critical component of lithium-ion batteries for electric and hybrid electric vehicles. This investment will help to continue bringing down the cost of batteries while improving their safety, energy and power. The technology included in the batteries is licensed from the Department of Energy's Argonne National Laboratory, and when the plant is fully operational in 2012, it is expected to be the most advanced cathode materials production plant in North America. Improvements in the cost and efficiency of the lithium-ion batteries that are used in most plug-in hybrid electric vehicles and battery electric vehicles will support the growing deployment of electric vehicles and help to reach President Obama's goal of having one million electric drive vehicles on U.S. roads by 2015. This project is one of 48 advanced battery and electric drive projects that were awarded $2.4 billion through the Vehicle Technologies Program under the Recovery Act.
Friday, October 29, 2010
Lithium Charge: Bloomberg: GE’s Biggest Electric-Vehicle Order a ‘Huge Step Up’ tnr.v, rm.v, lmr.v, alk.ax, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc
at 1:52 PM"Today everybody is exited about REE, tomorrow Peak Oil time will come and Lithium will make the headlines again. During excitement stage it is easy to make the wrong decision and chase the mini bubbles only to see them to pop - do not mistake the mega trends, Next Big Thing and parabolic rises. There is time to buy and time to sell. REE gives us a very good example - what can happen with a very small sector, when the all world depends on it. Peak Oil realisation will be next. With GM Volt and Nissan Leaf on the streets you will see the future - The Future is Electric."
Potentially we can talk here about the order for EVs with a magnitude of tens of thousands electric cars which will be on the streets very soon. This is the step into the right direction! We hope that GE will not disappoint with the final numbers to be released next week. Adoption rate for EVs will depend on the production volume, which can allow to reduce the cost of Electric Cars. Commercial users - like GE - apart from all other benefits to the all other consumers will benefit in PR and brand building by projecting their environmentally friendly image. Commercial fleets will allow EV to gain momentum in the market place. Today we have a very important step into this direction - we think that other corporations will follow the GE lead.
Bloomberg:
October 29, 2010, 11:57 AM EDT By Rachel Layne and Alan Ohnsman
(Adds share prices in ninth paragraph.)
Oct. 29 (Bloomberg) -- General Electric Co. may jump-start the electric-vehicle industry with an order that Chief Executive Officer Jeffrey Immelt said will be the largest in history.
GE, whose power-generation equipment provides a third of the worldʼs electricity, will order “tens of thousands” of the vehicles in about a week, Immelt said yesterday in a speech in London, without giving a total or identifying a manufacturer.
“This is a huge step up,” said Brett Smith, a vehicle technology analyst at the Center for Automotive Research in Ann Arbor, Michigan. “Itʼs the biggest order to date Iʼm aware of, by a lot.”
Expanding the worldʼs fleet of electric vehicles would bolster GE as it expands so-called clean-energy technology such as car chargers, solar panels and wind turbines. For every dollar of electric-vehicle sales, GE estimates it may get 10 cents in revenue, said Gary Sheffer, a spokesman.
Immelt said half of GEʼs sales force of about 45,000 will drive electric vehicles. The Fairfield, Connecticut-based company also has a vehicle-leasing division through its GE Capital finance unit. Financial terms and other details about the order arenʼt yet being disclosed, GE said.
GE is investing $10 billion over the next five years in clean energy across its business lines, including power- transmission software and so-called smart- grid technologies. Its products include lithium-ion batteries for cars and trucks via a venture with A123 Systems Inc. and sodium-based batteries for use in large vehicles such as locomotives.
Creating Jobs That spending creates jobs, Immelt told executives at an event sponsored by the University of Cambridgeʼs Programme for Sustainability Leadership.
“GE has been one of the biggest players in this game and certainly has a lot to gain from the electric vehicle,” Smith said. “Theyʼve really truly tried to push this hard to get things going, and it seems to be a core corporate value.”
GE fell 4 cents to $16.04 at 11:53 a.m. in New York Stock Exchange composite trading. Shares of A123 climbed 11 cents, or 1.1 percent, to $9.78 on the Nasdaq Stock Market.
An order the size of GEʼs probably would come from several vehicle makers, Smith said.
Automakers preparing to sell vehicles powered solely by batteries over the next 18 months include Nissan Motor Co., which starts delivering Leaf hatchbacks late this year; Ford Motor Co., readying electric versions of its Transit Connect delivery van and Focus compact car; and Toyota Motor Corp., which will sell a rechargeable RAV4 sport-utility vehicle.
Global Outlook
General Motors Co. begins delivering plug-in Volt hybrids this year, and Honda Motor Co., Chrysler LLC, Bayerische Motoren Werke AG and other large brands are preparing battery vehicles due by 2012.
Combined deliveries of hybrids, such as Toyotaʼs Prius, and battery-powered cars may reach 5.2 million by 2020, according to an Oct. 27 forecast by J.D. Power & Associates. That would be about 7.3 percent of the projected global vehicle market.
Immelt used his remarks in London to renew his call for increased private spending on renewable-energy investments.
“Now is exactly the time, because itʼs less popular, where we have to invest more,” Immelt said. “We have to do it more courageously. And weʼre going to have to go forward for a while without government at our backs.”
GE Energy Infrastructure is the companyʼs biggest industrial unit, accounting for $37 billion of the parent companyʼs $157 billion in revenue last year. GE is also the worldʼs largest maker of locomotives, jet engines, medical- imaging equipment and related information technology systems.
GE is the largest shareholder for Watertown, Massachusetts- based A123, which has signed agreements with Navistar International Corp. and Fisker Automotive Inc. to supply advanced batteries for their vehicles.
--With assistance from Howard Mustoe in London. Editors: Ed Dufner, Margot Slade To contact the reporters on this story: Rachel Layne in Boston at rlayne@bloombergOhnsman in Los Angeles at aohnsman@bloomberg.net To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net
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