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GE may lease vehicle batteries for electric cars

Fri, 09/30/2011 - 1:23pm
Reuters

FARMINGTON HILLS, Mich (Reuters) - General Electric Co may lease costly vehicle batteries to electric-car buyers, joining other companies looking to get more people to buy alternative-energy automobiles.

The largest U.S. conglomerate is just at the "thinking stage" of such a move, said Mark Little, head of GE's research and development efforts, on Friday at an event at Nissan Motor Co's research center near Detroit.

GE makes batteries and is one of the biggest investors in Massachusetts-based battery maker A123 Systems Inc.

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