U.S. firms join forces to build car batteries

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
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.


Read the complete story here.