A consortium led by Ricardo Inc., the U.S. subsidiary of Ricardo plc, receives £1.3 million ($2.1 million) from the U.K. Technology Strategy Board to develop a new lightweight battery for use in small electric city cars. The aim of the project is to develop an innovative high-energy density battery system for an emission-free minicar. Over the next 22 months, Ricardo will develop the battery-management system architecture and application software. NAVTEQ, provider of digital map, traffic ...

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