View Full Version : Building a Better Battery: New Tech Could Make Electric Cars Cheaper

16 August 2010, 2226
By Nick Mokey on August 16, 2010
Published on Digital Trends (http://www.digitaltrends.com/green-technology/building-a-better-battery-new-tech-could-make-electric-cars-cheaper/?news=123)

24M, a startup from the cofounder of A123 Systems, just tucked $16 million in financing under its belt to pursue cost-cutting new battery technologies.

The brain behind the batteries used in everything from New York City transit busses to an electric motorcycle that does 0 to 60 miles per hour in under one second is up to something new. Ken Chiang, a cofounder of lithium-ion battery mogul A123 Systems, is striking out on his own under a new marquee to build batteries that could be up to 85 percent cheaper than anything available today.

Read more HERE (http://www.digitaltrends.com/green-technology/building-a-better-battery-new-tech-could-make-electric-cars-cheaper/?news=123)