Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Ford to Study New Battery Technology at University of Michigan

Selling tens of thousands of Priuses every year, Toyota Motor is the world leader in the manufacturer of hybrid gas-electric cars -- but if Toyota looks in its rearview mirror, it just may see Ford Motor Co. (NYSE: F  ) gaining ground.

Ford currently boasts five hybrid and all-electric vehicle models equipped with advanced lithium-ion batteries. Such "green" vehicles are one of Ford's fastest-growing vehicle segments, and produced 288% year-over-year unit sales growth  for Ford in August (albeit only to 8,292 units).

On Monday, Ford announced that it is partnering with the University of Michigan to research and develop "new battery concepts" to use in its cars and trucks. Together, Ford and UM have built an $8 million battery lab wherein they will collaborate on the development of "batteries that are smaller, lighter and less expensive to produce" than today's technology. Ford invested $2.1 million in the project, with the balance coming from UM, the Michigan Economic Development Corporation, and the US Department of Energy.

 More than just a research facility, the Ford-UM battery lab will focus on "pilot projects" that can be conducted in cooperation with battery cell manufacturers, suppliers, and other start-ups -- testing new concepts on a small scale first, and later adopting those that work well for full-scale production.

Ted Miller, who manages battery research for Ford, explains: "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."



Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On October 14, 2013, at 9:00 PM, neamakri wrote:

    This is BS! Why do the leaders at Ford think they can beat the battery-making world?

    How about this instead: using current technology, build a "Group 24" battery with lithium ion cells. Then use these STANDARD size batteries, build the next generation electric car. Use the KISS principle.

    I see the current problems are that there are no standards for electric cars. There is no standard battery, and there is no standard charging port. When those two things happen electric cars will be a lot cheaper and will sell a lot more of them.

    You Fools know I'm right.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2681473, ~/Articles/ArticleHandler.aspx, 9/28/2016 3:11:27 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:01 PM
F $11.98 Down -0.03 -0.25%
Ford CAPS Rating: ****