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Technology Stocks : Energy Conversion Devices

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To: Don Devlin who wrote (3430)	3/27/1999 11:20:00 PM
From: jacq	Read Replies (3) of 8393

Don, It looks like GM-Ovonics is going to have a battery that is affordable when we toured the plant word was that each battery would cost about $2,000. This would give a $52,000 battery pack per car today. I heard this from a very competent source. This included everything including research and engineering. They have spent a lot of money engineering. While this sounds prohibitively expensive for for John Q Public. By increasing the number of productions lines and debottlenecking the operation as well as incorporate some of the newer ideas. It would be my guess that they could ramp up and produce these these packs for under $10,000 by year end if they wanted to. There were so many instances where much more work could easily have been done by the same people, and there were ideas (which I won't disclose on a public forum) which would significantly drop costs. The technology is ready or near ready enough for a commercially available all electric car. But what do you do with all the ICE production facilities which provide large numbers of jobs? Comments?

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