Originally Posted by Yub, yub, cmdr!
That is correct.
A nickel metal hydride cell has two HALF-CELLS:
NICKEL for the Cathode (where reduction takes place, Ni2+ goes to Ni) and
NEODYMIUM/COBALT alloy (where oxidation takes place, they lose electrons)
the electrons from these power your car.
Now for both Nickel and the Ne/Co alloy, there is a constant known as the E*halfcell (electrical reduction potential in volts per halfcell) when hooked up to a Standard Hydrogen Electrode.
NO MATTER HOW BIG YOUR BATTERY IS the E*s remain the same!
The voltage of the battery = E*Ne/Co - E*Ni.
For NiMHs, this is usually around 1.2 V.
I hope this was clear.
7.2 volts for a single cell is possible but not with the chemicals currently in use but "who knows one day a battery might be made of something that can"?