Ener1: Lithium ion battery prices may be cut in half
Ener1, who already make batteries for plug-in Priuses and have a $70 million supply deal with Th!nk, are pressing to reach this kind of output and are chatting up 24 (!) different auto makers. Of these, two may soon ink development contracts which could, because of the size of these companies, lead to Ener1 actually becoming cash flow positive in 2010. If they can achieve their cost-reduction goals, the pay-back period for all-electric cars may be reached in as little as two years instead of the current 7 or 8 if the price of oil stays around $100 a barrel.
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