Battery maker A123 Systems Inc. will be supplying lithium-ion cells to SAIC Motor Corp for use in an electric vehicle by the two companies joint venture, Advanced Traction Battery Systems Co. The car, which is set to come out in 2012, will have a range of about 100 miles between each charge. It has yet to be announced how many units will be built.
“I can’t give you a specific figure, but the number is significant,” David Vieau, A123’s chief executive officer, said in an interview late yesterday. “This is not a “˜build just 200 cars’ kind of thing.”
China is expected to be the biggest market for electric vehicles, due in large part to how strong the government”s commitment to the technology is. Also important to the development of China as a huge electric market is the fact that China is still an evolving market, void of deep-rooted customer expectations when it comes to vehicles.
– By: Stephen Calogera
Source: Automotive News (Subscription Required)