Chinese company says it will soon cross $100 battery threshold

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.

Solution News Source

Chinese company says it will soon cross $100 battery threshold

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.

Solution News Source

SIGN UP

TO GET A Free DAILY DOSE OF OPTIMISM


We respect your privacy and take protecting it seriously. Privacy Policy