Tag Archives: lithium ion

A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities

Planned $2.3 Billion facilities will support aggressive expansion plan to deliver energy storage systems to A123’s multiple OEM customers in the Electric and Hybrid Electric Vehicle market

Watertown, MA – January 7th, 2009 – A123Systems today announced it has submitted an application under the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing Incentive Program to qualify for $1.84 billion in direct loans to support the construction of new world-class lithium ion battery manufacturing facilities in the United States, with the first construction location in southeast Michigan. Continue reading A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities