• Dec 21st 2009 at 10:59AM
  • 6

We haven't heard much from A123 Systems in recent months, other than the battery maker's public stock offering. Its best shot at a major automotive battery program seemed to be with Chrysler, until we found out that all those plug-in vehicles we saw in Detroit last January had been pretty much killed. With Chrysler uninterested for now, GM going with LG Chem and Ford opting for Johnson Controls-Saft, the fate of A123's plans for a Michigan battery plant are unknown.

For now, A123 seems to be looking to China. Last week, A123 announced a new joint venture with Shanghai Automotive Industries Company (SAIC) to produce complete battery packs in China. The packs will be targeted at both plug-in hybrid and pure battery electric vehicles. The new venture will be 51 percent owned by SAIC with A123 holding the rest. SAIC has been planning hybrid and plug-in hybrid versions of its Roewe 750 and 550 models and the new venture could potentially supply those

[Source: Reuters]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 5 Years Ago
      Maybe this will finally let A123 manufacture cells at a more reasonable price compared to other battery suppliers-they make great batteries but the price per kwh has not really been great compared to other good battery manufacturers.
      • 5 Years Ago
      These cells are now being offered to the public for around $2.50 per Wh. Power and energy density are very good. Around AltairNano territory for half the price!

        • 5 Years Ago
        The lithium titanium chemistry that Altairnano uses has less energy density than others and is at the moment anyway more expensive, but it is particularly good in cold weather.
      • 5 Years Ago
      If A123 is majority-owned by a company in China, that means it can no longer be officially considered a U.S. company, right? Sad news...
        • 5 Years Ago
        @user22: Thanks for the clarification. That makes more sense too.
        • 5 Years Ago
        No. The new VENTURE will be controlled/owned by SAIC who sells cars only in China as far as I know. A123 is not selling the company to anyone and is still a US company.

        "The new venture will be 51 percent owned by SAIC with A123 holding the rest. "
    Share This Photo X