Exxon Mobil helping to build electric cars

[TinmanMS6]

The worlds largest oil refiner, Exxon Mobil, is helping to develop a revolutionary new battery technology, that could help light the way forward for all-electric vehicles. The oil company believes that its getting in on the ground floor of what could be the dominant transportation mode for the near future.
Exxon developed a type of film, initially to be used in cell phone batteries, that has been found to be extremely valuable for the type of lithium-ion batteries that could be used in new hybrids and EVs. The film is able to withstand temperatures of up to 374 degrees, and can help to prevent them from overheating and exploding, one of the main and scary drawbacks to li-ion technology.

A new electrically powered car called the Electrovaya Maya-300 will be one of the first to utilize the new battery technology. The car is said to have a range of about 120 miles, and could go on sale by the middle of the year.
Exxon has enough faith in the new technology that it is reported to have started on plans to build a $300 million plant in South Korea, as well as hire 14 new scientists to continue to improve the film.

 

[TinmanMS6]

Apparently they figured they'd need something to fall back on after the oil dried up.

 

[BlackCherry06]

Well, they're a big name in an industry that's destined to fail eventually, so they might as well start making a name in an industry that's just starting to bud. When you first hear it, it doesn't sound smart...but it is.

 

[GhostMercury]

They are nothing but smart, because the company can use its HUGE amounts of money to revolutionize something no one has really made a name for yet. and even better they are planning ahead for when gas is of no more.

 

[v0ice]

What makes people think they don't already have a viable source of alternative energy? As long as the stranglehold lasts, they have no reason to release the technology. When the tide turns, boom, there they are for more record profits! Yay Exxon douchebags! Personally, if there were a way to end Exxon without causing gas to skyrocket, I would be on board. Any company that makes an annual profit of $40B and then refuses to pay for the Valdez cleanup doesn't deserve to exist. Just look at the turkey neck mf'er that got a $400 million retirement package.....way to screw everyone but the shareholders!

 

[genericuser]

I'll admit, at first this sounds like an oxymoron.

 

[Flash5]

they prolly screw us over with batteries in the future too so they figure why not get a head start on it