Compact Power, a wholly owned subsidiary of South Korea’s LG Chem, is starting to look like the player to beat in the competition to supply lithium-ion cells and battery packs for electric vehicles, having bagged deals with General Motors, Eaton and Ford Motor.
Based in Troy, Mich., the company hosted President Obama this week at the groundbreaking of a new $300 million battery plant backed by the Department of Energy. What’s driving Compact Power’s momentum, and what will it take for competitors to turn the tide their way?
[Source & read more: earth2tech]
