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A123 Systems partners with IHI to sell lithium batteries in Japan

A123 Systems has garnered plenty of attention for its lithium ion battery technology over the last several years, mostly here in the United States. The Massachusetts-based startup has now formed a partnership with IHI to market its batteries in Japan, a market that already has a number of domestic suppliers. According to IHI, it favors the A123 batteries because they are lower in cost. A123's battery chemistry has an advantage over other suppliers because it uses no rare earth materials. Rare earths are becoming increasingly important ... Read more →

A123 Systems goes public, stock jumps 50% on first day to $20.29 Sam Abuelsamid

Massachusetts-based battery maker A123 Systems finally completed its initial public offering on Thursday. The lithium ion start-up offered 28,180,501 shares of its common stock at an opening price of ...

Hybrid Volvo buses and trucks to use Magna Steyr batteries, A123 cells Sam Abuelsamid

It looks like Ford won't be the only company getting lithium ion battery packs from Magna International. The Magna Steyr division of the supplier announced last week that it will begin production of ...

New investments by GE and others net A123 Systems another $69 million Sam Abuelsamid

With the closing of the latest round of private fund raising, Massachusetts-based A123 Systems now has an extra $69 million in the bank. General Electric put up $15 million of that amount, bringing ...

A123 applies for $1.84 billion in DOE loans for battery manufacturing Sam Abuelsamid

A123 Systems announced today that it has applied for $1.84 billion in loans from the Department of Energy to help contribute to the $2.3 billion required to pay for the construction of battery plants ...

Popular Mechanics tries out the A123/Hymotion PHEV Prius 1 year ago on Autoblog Green

At least a few dozen people around the country have now done one-off conversions of hybrids like the Toyota Prius and Ford Escape to transform them into plug-in vehicles. For those who may not have the hardware hacker gene in their DNA, the first commercially available plug-in conversion kit is now ...

A123 Systems may supply batteries for Chrysler ER-EV 1 year ago on Autoblog Green

Most of the rumors in recent months have indicated that LG Chem/CPI have the upper hand and are likely to be chosen by General Motors to supply the lithium ion battery packs for the Chevrolet Volt. However, there are plenty of electric drive vehicle projects out there and just because A123 systems ...

Lutz says a Volt battery supplier selected, won't say who 1 year ago on Autoblog Green

At a preview of GM's 2009 model year lineup yesterday in Jolliet IL, Bob Lutz revealed that the production supplier for the Chevy Volt battery has been selected. Unfortunately, the GM Vice Chairman would not say which of the development suppliers had been selected. Two partnerships have been ...

Is A123 Systems losing Black and Decker before its IPO? 1 year ago on Autoblog Green

Just last week we found out that lithium ion battery maker A123 Systems had filed the first batch of paperwork required for it to make an initial public stock sale. Having tried to read through a few of these kinds of filings in the past, we took a pass this time around. Fortunately our friends at ...

A123 Systems files for initial public offering 1 year ago on Autoblog Green

Many of you who have been pestering us in the comments for the past couple of years about wanting to invest in A123 Systems and you may now have your chance. A123 is the Massachusetts based company that has developed a lithium ion battery chemistry based on nano particle iron phosphate. A123 has two ...

A123 Systems gets $12.5 million PHEV battery deal from USABC 1 year ago on Autoblog Green

A123 Systems has just earned yet another development contract for developing lithium ion cells for plug-in hybrid applications. The US Advanced Battery Consortium and the Department of Energy have awarded a $12.5 million, 36 month contract to A123. The company has already been working on several ...

Hymotion launching Prius plug-in conversion kits 1 year ago on Autoblog Green

All you Prius owners out there who have been waiting patiently to to start running on grid power can almost stop holding your breath. Hymotion, the company that has been developing a plug-in kit for the Prius, has now started taking deposits for the L5 conversion kit. The kit costs $9,995 plus $400 ...


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