IHS Chemical Week

People & Business :: Energy and Feedstocks

U.S. Lithium Battery Alliance Formed

9:24 AM MST | December 22, 2008 | Chemical Week Editorial Staff

Fourteen U.S. battery and advanced materials companies, including 3M and FMC, have formed an alliance with Argonne National Laboratory (Chicago) for the mass-production of lithium-ion batteries for vehicles, according to a Reuters report. The group, which will be named The National Alliance for Advanced Transportation Battery Cell Manufacture, aims to secure $1 billion-$2 billion in U.S. government funding during the next five years to build a manufacturing facility. “A small, fragmented [U.S.] battery industry will not long survive in the face of...

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