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Monday, March 10, 2008

GE invests in electric cars


General Electric has recently made two large investments in the electric car industry. Think is a Norwegian company that makes cars that run solely on electric. GE has invested $4 million in Think. A123Systems is a Massachusetts based lithium-ion battery maker. A123Systems supplies Think with batteries and are also developing batteries for the Chevy Volt. GE has invested $20 million in A123Systems.

Source MSNBC

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