The Detroit Free Press reports, "The race to develop electric vehicles is generating billions of dollars of investments as a new set of companies vies for a piece of this expanding global market."
Although "A123, Compact Power and Johnson Controls-Saft are all building or planning to build plants that will make lithium-ion batteries," and "Michigan has secured much of the US's initial battery manufacturing, it has not locked up its position as the hub for the electric cars of the future."
Detroit's Big Three automakers gives Michigan an edge but the state is facing tough competition from Indiana and California, where niche electric vehicle makers are cropping up with plans to compete. And then, there's China, which has vowed to become a global leader in electric vehicles in three years.
Story courtesy of the Society of Manufacturing Engineers. We are proud to be members of this society.
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