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MIT spinoff A123 was a personal favorite, also Germany’s Continental was in the running, but it was LG Chem subsidiary and Detroit based Compact Power, Inc. The Volt, which GM prefers to call an extended-range electric vehicle, doesn’t use its internal combustion engine for propulsion, relying entirely on an electric drive system.
Nissan is working on an electric car that it says is on track to have a 100-mile range and 26-minute charge time. Earlier this month, researchers from MIT said they had developed a process that within three years could lead to electric car batteries able to recharge in as little as five minutes.
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