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Ergue-Gaberic — Jan 25, 2008 — The factory, on the site of a family's paper business started in 1822, will produce 10,000 lithium-metal-polymer batteries a year and cost 36 million euros (US$52.8 million), taking investment in the project to 250 million euros, Bollore said during a press trip to the site.

The BatScap plant is a joint venture between Bollore Group and state-controlled power utility EDF. The super-capacitors -- energy storage devices -- it produces can be used in electric cars and hybrid vehicles.

Bollore and EDF are already developing their own electric car, the BlueCar...The BlueCar, a concept which has been presented at several European autoshows, can run 250 km (155.3 miles) between charges, has a top speed of 125 km per hour and can accelerate from zero to 60 km per hour in 6.3 seconds.
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