Balqon Promotion?: EV Battery Companies Make a Move into Grid Storage
Electric vehicle (EV) manufacturers, like Balqon Corporation (OTCBB: BLQN), are starting to make a move into the energy storage business dominated by companies like A123 Systems Inc. (NASDAQ: AONE) and Valence Technology Inc. (NASDAQ: VLNC). Many EV manufacturers have exclusive agreements with battery manufacturers. EV battery companies are leveraging these agreements to expand into complementary industries.