Startup Envia battery promises to slash EV costs
With the auto industry pining for a battery breakthrough to lower electric vehicle costs, Envia Systems has some interesting performance data to share.
The five-year-old company today is expected to disclose technical details of its batteries which executives say could lead to cutting EV battery pack prices in half in three or four years. Envia Systems' batteries are being evaluated by a number of automakers, including its largest investor General Motors, according to CEO Atul Kapadia.
The lithium ion batteries in cars, such as the Chevy Volt or Nissan Leaf, provide ample power to accelerate a car, but the cost … Read more