A123 Systems

The Detroit News reports lithium-ion battery manufacturer A123 Systems is set to post a net loss of $125 million on revenue of $10.9 million for the first quarter of 2012. Official results will be released later this week. The loss includes $51.6 million tied to replacing battery packs produced at ...

Looks like A123 Systems' range has just been extended by a couple of years. A123, the lithium-ion battery-pack maker for companies such as Fisker Automotive and General Motors, has received a two-year extension on its deadline to spend a $249 million grant from the federal government on a ...

Fisker Automotive may drop plans to use a Delaware factory to build its upcoming Atlantic sedan and is looking at "other options," Automotive News is reporting, citing an interview with company CEO Tom LaSorda. The company, in an online meeting with owners of the Fisker Karma extended-range ...

Last year, Drayson Racing and Lola announced they would partner on an all-electric race car and now, at the 6th MIA International Low Carbon Racing Conference, the very impressive result of their collaboration has been revealed. The Lola-Drayson B12/69EV is an 850-horsepower (640-kW) monster that ...

Lithium-ion battery-pack maker A123 Systems, whose customers include General Motors, Fisker and ALTe, will make battery packs for two new BMW hybrid vehicles this year. Both vehicles, the 3 Series Sedan and ActiveHybrid 5 hybrids, were unveiled at the North American International Auto Show in ...

Battery maker A123 has announced that batteries it supplied to Fisker Automotive for its Karma range-extended luxury sedan might have "misaligned" hose clamps for the cooling system, which could cause coolant to leak. Unabated, A123 admits the leak could cause an electrical ...

A123 Systems has had to lay off 125 employees at two Michigan locations because of Fisker's lengthy delay getting the Karma luxury plug-in hybrid to market. That's the bad news. The potentially good news is that the layoffs may be temporary. Even though Fisker has reduced its 2011 Karma orders to ...

A123 Systems says it currently has over 20 lithium-ion battery contracts in the works. Of those, A123 says ten of the transportation-related li-ion deals have already entered the production phase and that its "sourced" and "development" contracts call for A123 to eventually manufacture ...

General Motors has signed a contract calling for lithium-ion batteries to be supplied by A123 Systems for use in the automaker's future electric vehicles. GM says A123's advanced Nanophosphate lithium-ion batteries will power "future GM electric vehicles to be sold in select global markets." ...