Why Obama’s electric vehicle goal will be hard to reach

We’ve heard of bullish forecasts for electric cars, but we also have seen reports about the coming of an oversupply of lithium-ion batteries. Managing the supply and demand can be tough for any industry, but it might be extra difficult for the new, electric car market.

ExxonMobil Boosts Battery Biz With $325M South Korean Plant

Battery maker TonenGeneral Sekiyu K.K., a Japanese subsidiary of Exxon Mobil, has started construction of a $325 million battery plant in South Korea which will make the critical separator film needed to maker lithium-ion batteries. The plant will sell the film to battery maker LG Chem.