This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Ford, University Of Michigan Create New Kind Of Battery Lab To Speed Development Of Future Electrified Vehicles

ANN ARBOR, Mich., Oct. 14, 2013 /PRNewswire/ --

  • World-class facility at the University of Michigan allows Ford to collaborate with battery cell manufacturers, suppliers, university researchers and startups to test new battery concepts on a small scale that could be replicated for full production
  • Facility will make it possible for Ford to build on 20 years of battery research, and to test experimental battery chemistries while reducing the risk and cost to suppliers
  • Ford is the only automaker to invest in the new battery lab facility; latest collaboration builds on a 60-year history between Ford and the University of Michigan

A new $8 million battery lab opened today at the University of Michigan that will help Ford develop batteries that are smaller, lighter and less expensive to produce. The work could accelerate development of battery-powered vehicles that are more efficient and affordable than today's models and that go farther on a single charge.

The lab is a battery manufacturing facility designed to support pilot projects. State-of-the-art manufacturing methods will be used to make test batteries that replicate the performance of full-scale production batteries, allowing for faster implementation in future production vehicles.

"We have battery labs that test and validate production-ready batteries, but that is too late in the development process for us to get our first look," said Ted Miller, who manages battery research for Ford. "This lab will give us a stepping-stone between the research lab and the production environment, and a chance to have input much earlier in the development process. This is sorely needed, and no one else in the auto industry has anything like it."

The lab is the result of collaboration between Ford, battery suppliers, the University of Michigan, and the state and federal governments, and it holds the potential for major advancements in extending battery life and durability. Ford, the only automaker to invest in the facility, contributed $2.1 million. Other investors include the University of Michigan, Michigan Economic Development Corporation and the U.S. Department of Energy.

Ford has been supporting battery research for more than 20 years. Last year, the company invested $135 million in design, engineering and production of key battery components, and doubled its battery testing capabilities. Ford was able to accelerate durability testing, with test batteries now accumulating 150,000 miles and 10 years' life in about 10 months.

Even so, battery development is in its infancy, and more research is needed. Just as critical, said Miller, is the need for new chemistries to be assessed in a credible cell format, which means small-scale battery cells can be tested in place of full-scale production batteries without compromising the test results.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs