The future belongs to electric cars. The German government hopes to see one million of them on the road by 2020. U.S. electric carmaker Tesla is building a $5 billion, or €4.4 billion, super factory in Nevada, to produce 500,000 lithium-ion batteries for new vehicles annually.
You might think all that would make Johnson Controls, the world market leader in conventional lead car batteries, uneasy. But the U.S.-based multinational is still betting on its batteries with confidence. And for good reason – electric cars still need lead batteries to start the motor.
“All electric vehicles and hybrid vehicles on the market also have a lead battery,” explained Johann-Friedrich Dempwolff, the Europe managing director for Johnson Controls, in an interview with Handelsblatt. “This combination will continue for years.”
Every third car battery in the world now comes from Johnson Controls – a total of 140 million batteries from 50 production plants worldwide.