30 May '17, 11am

Battery maker A123 quietly became a half-billion-dollar company

Battery maker A123 quietly became a half-billion-dollar company

John Voelcker May 30, 2017 Follow John Add to circle A123 Systems manufacturing facility, Livonia, Michigan Enlarge Photo Ten years ago, lithium-ion cell maker A123 Systems was a hot startup and a much-publicized company. This author, in fact, profiled the company for IEEE Spectrum in the technology magazine's September 2007 issue. The six years that followed proved enormously painful for the Massachusetts company, however. DON'T MISS: A123 Systems To Recall Electric-Car Battery Packs For Fisker, Others (Mar 2012) A high point was the announcement that A123 was one of two finalists in the "bakeoff" competition held by General Motors to select a battery supplier for its upcoming 2011 Chevrolet Volt. While A123 lost that competition to Korean cell-maker LG Chem, it got something of a consolation prize: its cells were used in the low-volume Chevrolet Spark EV electric minicar...

Full article: http://www.greencarreports.com/news/1110703_battery-maker...

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