Energy storage system producer 24M Technologies spun out of lithium-ion battery maker A123 Systems today to become a separate venture.
The company raised a $10 million Series A funding round from Charles River Ventures and North Bridge Venture Partners. → Read More
Better batteries may be on the way as lithium-ion battery producer Boston-Power ramps up its manufacturing and R&D with a $60M Series E round from Foundation Asset Management and Oak Investment Partners. Boston-Power produces Sonata, better known as Hewlett-Packard’s Long Life Battery, as well as Swing, which is used to power electric vehicles including the upcoming ZE Saab 9-3.
The company… → Read More
Hybrid and plug-in vehicles have been plagued by poor battery performance in the past. The next-gen rides simply do not offer that much MPG improvement because of the lackluster batteries, but LG Chem and STMicroeclectronics are working on something new. By harnessing a more powerful and efficient battery management chip, they hope to improve lithium-ion batteries enough to deliver 1600V… → Read More
Dell announced a recall of 4.1 million notebook computer batteries, warning users that it’s possible they could catch fire. Although company didn’t say the batteries would explode, it did admit they could “erupt in flames.” The batteries, made by Sony for Dell, were sold in notebooks between April, 2004 and July 18 of this year. Dell said the batteries in question were… → Read More
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