As shipments of hybrid and electric cars take off, so will sales of lithium-ion batteries: IHS...

|By:, SA News Editor

As shipments of hybrid and electric cars take off, so will sales of lithium-ion batteries: IHS expects industry revenues to grow from $11.8B in 2010 to $31.4B in 2015, and $53.7B in 2020. A123 Systems (AONE), Ener1 (HEV), and China's BYD (BYDDF.PK - previously) are some of the names developing lithium-ion batteries for cars.