Envia Systems of Newark, California, in collaboration with General Motors, has increased the amount of energy a lithium-ion battery can hold. GM has stated it will take a vehicle up to 200 within a couple of years. The new technology will cut battery costs in half. GM Venture LLC invested $17 million in Envia in 2011. "These little companies come out of nowhere, and surprise you," said GM's CEO Dan Akerson.
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