A123 Systems has 20-plus transportation-related lithium-ion battery contracts
Recently, General Motors and A123 Systems announced they will co-develop lithium-ion batteries for use in the automaker's future electric (and possibly even fuel cell) vehicles. Within the passenger vehicle sector, A123 says it has "production" deals with Mercedes-Benz and Fisker. In the commercial vehicle segment, A123 lists contracts with firms, including BAE Systems, Daimler, Eaton, Magna, Navistar, Smith Electric Vehicles and so on. Last but not least, A123 claims to be in the "development" phase with some major European automakers, including BMW, Volkswagen, Porsche and even Ferrari.
It could be getting better down the road, too. A123's "Investor Presentation" (PDF) shows the the total number of plug-in hybrid, electric and hybrid vehicle programs in progress worldwide, regardless of battery manufacturer. A123 says it uses this slide to show the potential size of the automotive battery segment, not A123's specific sales pipeline.
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