Sweden invests in hybrid vehicle development

30 Apr 2008

According to the Invest in Sweden Agency (ISA) Sedish delegates from the automotive sector will be present at the Booth 61 at the Advanced Automotive Battery and Ultracapacitor Conference and Symposia in Tampa, Florida on May 12-16 to meet international representatives from the vehicle battery industry. The intention is to strengthen the Swedish vehicle battery cluster containing Volvo, SAAB, energy company Vattenfall and ETC Battery & FuelCells Sweden with further investments.

ISA reports that in cooperation with the Swedish government and the Swedish Energy Agency some $40 million will be invested in a joint venture to develop next-generation plug-in hybrid vehicles over a five-year period.