US launches new project to develop electric-vehicle batteries

Newswire

* Research hub will include labs, universities, companies * Advanced battery companies have struggled recently By Ayesha Rascoe WASHINGTON, Nov 30 (Reuters) - The Obama administration launched a fresh $120-million research project Friday, aimed at developing cheaper batteries for electric vehicles, a sector that has faltered despite billions of dollars of prior government investment. The Energy Department will dole out the money ...

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