Balanced News: : Caterpillar invests in lithium-ion battery pack maker Lithos Energy

Caterpillar Inc. CAT, -0.45% said Friday it has invested in Lithos Energy Inc. , a San Francisco-based designer and maker of lithium-ion battery packs. “Cat equipment – regardless of its power source – is designed to operate in the most demanding conditions,” said Joe Creed, group president of Caterpillar’s Energy & Transportation business. “Lithos’ experience manufacturing battery packs for similarly demanding environments will be an asset as we continue our electrified product development.”