27 Mar '14, 2pm

A123 says goodbye to grid storage batteries, focuses again on electric vehicles

A123 Systems Divests of its A123 Energy Solutions Business Unit Transaction with NEC Represents Increasing A123 Focus on Transportation Applications March 24, 2014 08:15 AM Eastern Daylight Time LIVONIA, Mich-- A123 Systems LLC, a developer and manufacturer of advanced Nanophosphate® lithium iron phosphate batteries and systems, today announced an agreement to divest of its grid storage business and other assets related to energy storage for telecom and IT data storage applications. A123 is increasingly focused on the transportation market with a particular emphasis on micro-hybrids. This rapidly growing application segment is attractive because automotive OEMs around the world are steadily turning towards simpler forms of electrification in their mainstream high-volume vehicle lines to address the ever-increasing regulatory requirements of lower emissions and better fuel ...

Full article: http://green.autoblog.com/2014/03/27/a123-says-goodbye-to...

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