26 Mar '12, 4pm

Lithium-Ion Battery Maker A123 Shares Tumble with News of Recall: A123 (Nasdaq: AONE) had a rocky 2011. 2012 i...

A123 (Nasdaq: AONE) had a rocky 2011. 2012 is turning out to have its challenges as well. The lithium-ion battery maker just announced "a field campaign to replace battery modules and packs that may contain defective prismatic cells produced at A123's Livonia, Mich. manufacturing facility," according to a release. The "defect has been discovered only in some prismatic cells" built at the firm's Livonia facility. A123's batteries are used in the Fisker EV and this defect is what has caused Fiskers to malfunction in a recent Consumer's Report test , according to Bloomberg . Although the lithium-ion battery firm has made some strides in utility-scale energy storage, the company faces a number of challenges with its Fisker Automotive business , as well as rising losses amidst warranty issues and production hiccups. This recall will not help matters. About a year ago, VC invest...

Full article: http://www.greentechmedia.com/articles/read/Lithium-Ion-B...

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