A123 Systems says it currently has over 20 lithium-ion battery contracts in the works. Of those, A123 says ten of the transportation-related li-ion deals have already entered the production phase and that its "sourced" and "development" contracts call for A123 to eventually manufacture lithium-ion batteries at some as-of-yet-undisclosed date.

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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    • 1 Second Ago
  • 3 Comments
      Spec
      • 1 Day Ago
      How did A123 go from having almost no contracts to having so many? Did they just realize that they needed to talk about their contracts in order to halt their massive share price slide? I hope these deals pan out for them. They have good technology and they are building manufacturing plants here in North America . . . . they just need a competitive price and product orders.
        Dan Frederiksen
        • 1 Day Ago
        @Spec
        they have a very good product and the price is not bad, the problem is they refuse to sell the product to anyone other than large established brands. if you're a small startup they don't talk to you. it's super disgusting
      Ben Crockett
      • 1 Day Ago
      Congrats to them. They are definitely gathering contracts with quite a number of major automakers.