But the -- as part of a two-day trip to highlight his all-of-the-above energy strategy, which includes, obviously, a focus on development of battery technology, which is the essential ingredient to these kinds of automobiles.

WHITEHOUSE: Press Briefing

The focus is on the joint development of electrical drive technology, power electronics and charging technology as well as the integration of those systems into Volvo C30 Electric vehicles.

ENGADGET: Volvo and Siemens team up to build better electric engines

The company is focusing first on embedding the technology within selected portable electronic applications to gain early revenues, while continuing its development focus on large-scale storage applications.

FORBES: Are Paper Batteries A Pipe Dream?

What we want to focus on is advanced manufacturing that combines new technology, so research and development to figure out how are we going to create the next Twitter, how are we going to create the next Google, how are we going to create the next big thing -- but make sure that production is here.

WHITEHOUSE: Twitter Town Hall