Is ZENN The Next Automotive Giant?
We’ve touched on the ZENN before, but we have some new information. New information!
The challenge for manufacturers is energy storage. Gas tanks are a surprisingly efficient way of carrying energy. Even cutting-edge lithium-ion batteries, which most carmakers are depending on for their proposed electric cars, provide about 20 times less energy per pound than gas. The huge battery packs required for a car of even average performance don’t leave much room for a back seat. The high cost of creating an energy-efficient battery explains why the Tesla Roadster, a sports car developed in Silicon Valley and already on the market, costs $109,000 (U.S.). A battery that can provide adequate range, speed and price all in one is the car industry’s Holy Grail, and at this point, no company has found one.
ZENN Motor Company, a small carmaker headquartered in Don Mills with a factory in Saint-Jérôme, just north of Montreal, has a serious chance of being the first to complete the quest. Read on.