Oakridge Global Energy Solutions, Inc. (OGES) Ushering in a New Era in Battery Manufacturing
Lithium ion batteries are more widely used than ever before. To illustrate this fact, consider the recent rise in production by Tesla Motors, Inc. (NASDAQ: TSLA), the automotive company behind a line of luxury electric cars, electric vehicle powertrain components and other battery products. Following the launch of its $5 billion Gigafactory focused on improving traditional lithium ion batteries, Tesla expects to have the ability to produce more lithium ion batteries each year than were manufactured worldwide in 2013, according to a report from Fox Business. This sharp increase in production capacity will likely be met with an equally strong…