Electric Car Battery Glut Looms on the Horizon

As the solar panel industry dusts itself off from a long-anticipated glut in 2009, another green technology — large format lithium-ion batteries designed for transportation and grid storage applications — could be edging toward overcapacity.

According to market forecasts from Lux Research, global sales for these batteries will reach about $3.7 billion (6.3 gigawatt-hours) in 2015.¬†Production capacity in that year, however, could be nearly triple that amount, with companies equipped with capacity to supply 18.2 gigawatt-hours, for some $10.7 billion if they were all sold. Lux senior analyst Jacob Grose told me in an email,¬†“We are definitely predicting a Li-ion glut coming.”
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VC Investment Drops in Q3, More Trouble Still to Come

During the third quarter venture firms invested $7.13 billion in 907 deals, a drop of 9 percent in dollars and 8 percent in deals compared to the same period a year ago, according to the report from PricewaterhouseCoopers and the National Venture Capital Association, and based on data provided by Thomson Reuters.