Edison obtained a US and European patent for his nickel–iron battery in 1901 and founded the Edison Storage Battery Company, and by 1904 it had 450 people working there. The first rechargeable batteries they produced were for electric cars, but there were many defects, with customers complaining about the product. When the capital of the company was exhausted, Edison paid for the company with his private money. Edison did not demonstrate a mature product until 1910: a very efficient and durable nickel-iron-battery with lye as the electrolyte. The nickel–iron battery was never very successful; by the time it was ready, electric cars were disappearing, and lead acid batteries had become the standard for turning over gas-powered car starter motors.
Edison obtained a US and European patent for his nickel–iron battery in 1901 and founded the Edison Storage Battery Company, and by 1904 it had 450 people working there. The first rechargeable batteries they produced were for electric cars, but there were many defects, with customers complaining about the product. When the capital of the company was exhausted, Edison paid for the company with his private money. Edison did not demonstrate a mature product until 1910: a very efficient and durable nickel-iron-battery with lye as the electrolyte. The nickel–iron battery was never very successful; by the time it was ready, electric cars were disappearing, and lead acid batteries had become the standard for turning over gas-powered car starter motors.