Today’s Solutions: December 11, 2024

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.

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