U.S. firms join forces to build car batteries


  • Fourteen U.S. technology companies are joining forces and seeking $1 billion in federal aid to build a plant to make advanced batteries for electric cars, in a bid to catch up to Asian rivals that are far ahead of the U.S.

    The effort, the latest pitch from corporate America to inject federal dollars into a project, is similar to an alliance that two decades ago helped the U.S. computer-chip industry restore its competitiveness. Participants include 3M Corp. and Johnson Controls Inc.

Related Stories

Artificial Intelligence and its dangers

How home Wi-Fi networks in Asia-Pacific are being Protected

The Beginner Entrepreneur’s Guide to Facebook Advertising Made Easy