Envision Energy will produce batteries for $100 per kilowatt hour by 2020, the Shanghai company’s founder and CEO said at Stanford University, predicting the price will drop to $50 only five years later and end the reign of the internal-combustion engine. Envision’s analysts realized they could achieve these goals after the company purchased Nissan’s battery division earlier this year, CEO Lei Zhang said at Stanford University’s Global Energy Forum.
Chinese company says it will soon cross $100 battery threshold
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