A123 Systems, the lithium ion battery maker that is working with General Motors and other big wigs, has reportedly bought Hymotion, a company that specializes in converting regular hybrids into plug-ins.
The possible deal was reported by the Web site Clean Break. The companies have not commented, but sources in the plug-in industry say a deal appears to be in the works. If it goes through, it could make retrofitting hybrids into plug-ins cheaper and easier.
Today it costs about $10,000 or more to turn a regular Prius into a plug-in. Plug-ins can be charged through a wall socket … Read more