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US Corps Want $1B From Gov't For Battery Factory 394

Posted by timothy
from the when-you-really-truly-need-some-free-tax-money dept.
tristanreid writes "The Wall Street Journal reports that a consortium of 14 US technology companies will ask the Federal Government for up to $1 billion for a plant to make advanced battery technology, as a part of the broad fiscal stimulus package that Pres. Elect Obama is planning. The story quotes a report by Ralph Brodd, which suggests that while existing battery technology was developed in the US, the lead in development is now held in Asia. From the WSJ story: 'More than four dozen advanced battery factories are being built in China but none, currently, in the US.'"
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US Corps Want $1B From Gov't For Battery Factory

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