WATERTOWN, Mass., June 7, 2010 (GLOBE NEWSWIRE) — A123 Systems (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate™ lithium ion batteries and systems, today announced a production agreement with Navistar, Inc., a proven leader in worldwide commercial transportation, to supply lithium ion battery systems for electric vehicles (EVs) for the Navistar-Modec EV Alliance, LLC, a joint venture between Navistar and Modec Limited of the U.K.
According to the supply agreement, which builds upon an earlier development agreement that was announced in March 2010, A123 will manufacture battery systems for Navistar‘s eStar electric delivery vehicle at its Livonia, Michigan facility. A number of vehicles have already been shipped to Federal Express as part of the earlier development agreement. The work is partially funded by American Recovery and Reinvestment Act (ARRA) funding, administered by the U.S. Department of Energy. Continue reading A123 Systems Signs Battery System Supply Agreement With Navistar→
GENEVA and WASHINGTON – March 5, 2008 – GE (NYSE: GE) announced it is ramping up its efforts to enable global electrification of transportation by investing in Norwegian electric car manufacturer Think, which unveiled a five-seat crossover concept car in Geneva today. To power its vehicles, Think has signed a commercial supply agreement with lithium-ion battery manufacturer A123Systems. GE is in a unique position to help both companies commercialize technology to make electric transportation practical and affordable. Continue reading A123Systems Signs Production Contract for Think Electric Vehicles→