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Intel's former chairman Andrew Grove is exerting considerable pressure on the company to explore the world of car battery production. Grove feels that the promising industry will bloom into a huge profit center, and as such is pushing Intel hard in this direction.
Currently, the most promising (and capable) suppliers for electric, E-REV
, and hybrid vehicle batteries are located in Japan. There are a few American upstarts, such as firm A123 Systems who is helping GM with development of the 2011 Chevrolet Volt
, but they represent a very small portion of the total of electric battery production capacity.
The current economic crisis poses a considerable challenge to Intel if it wants to join the electric battery fray; the firm's sales have dropped 12 percent from the third to the fourth quarter of 2008. But if electric, E-REV
, and gas/electric hybrid vehicle sales take off in the U.S., Grove's gamble might prove extremely profitable.--Colin Mathews
[source: Kicking Tires
via The Wall Street Journal
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