Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Car battery development alliance forms

Fri, 23 Nov 2007
A number of major corporations in German have come together to support the advancement of battery technology.

One of the firms involved is Volkswagen, its head of group research Dr Juergen Leohold calling the alliance with BASF, Bosch, Evonik Degussam Li-Tec and STEAG Saar Energie "an important step".

Some 360 million euros (£259.3 million) is to be invested by the companies in order to develop zero-emissions methods for use in automobiles and other equipment.

"In the future, there will be parallel use of various automotive drive systems, all the way to purely electric drive. A high-performance lithium-ion battery as the energy carrier will be a key technology," said the expert.

This comes as the European Automobile Manufacturers' Association has stated its intent to cut truck emissions.

According to the body, it would like to implement a reduction to "the most ambitious level possible".ADNFCR-1081-ID-18367877-ADNFCR


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH