General Motors announced yesterday that it has awarded a production contract to A123 Systems, a developer and manufacturer of advanced Nanophosphate lithium ion batteries and systems, for batteries to be used in future GM electric vehicles. The EVs will be sold sold in select global markets. GM said that the specific vehicles and brands will [...]
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 [...]
A123 Systems, the developer and producer of advanced Nanophosphate lithium ion batteries and systems, announced today that it has opened the largest lithium ion automotive battery production facility in North America. The new plant, located in Livonia, Michigan, is expected to expand the company’s manufacturing capabilities by up to 600MW hours per day when full [...]
A joint venture between U.S. lithium-ion battery manufacturer A123 Systems, Inc. and top Chinese automaker SAIC Motor Corp. is going to be building battery systems for hybrid-electric vehicles, pure electric passenger vehicles, and heavy-duty trucks and buses in China. Dubbed ‘Shanghai Advanced Traction Battery Systems Co.’, the venture would be majority owned by SAIC as [...]
Mainstream automakers have long said that the cause for delays in getting electric-vehicles to the market in large numbers has to due with getting large volumes of reliable and affordable batteries. According to a battery producers that spoke at “The Business of Plugging In” conference, all that is about to change. Battery producers said that [...]
Shares of lithium-ion battery maker A123 Systems had the second-best debut of any 2009 U.S. initial public offering. Shares were up 50.3 percent in their first trading session, outpacing the four other stocks that came to the market on a busy day for IPOs. Starting at a 25.9 percent premium to their IPO price, A123 [...]
The Department of Energy has recently awarded two grants that are sure to be a catalyst in electric vehicle production and manufacturing. Smith Electric Vehicles U.S. Corporation and A123 Systems have announced today their receipt of two separate DOE grants in the amounts of $10 million and $249 million, respectively. Smith plans on using the [...]
