Auto News 5

Ricardo, Inc., the US subsidiary of Ricardo plc, the leading independent provider of technology, product innovation and engineering solutions to the world's automotive, defense, transport and new energy industries, has announced that the award of $2.1 million (GBP1.3m) of funding has been made by the UK Technology Strategy Board to a consortium led by advanced battery manufacturer Axeon and including Ricardo, which will develop a new lightweight battery for use in electric small city cars, improving their performance, functionality and range. Full story...