A123 Systems is getting a lot of media attention lately for their lithium ion battery developments right now and the New York Times has jumped on the bandwagon. A123 who is partnering with Cobasys was one of two companies that recently got development contracts from General Motors to supply batteries for the plug-in hybrid Saturn Vue program, the other being the Johnson Controls/Saft joint-venture.
The New York Times takes a look at A123, from their birth in 2002 trying to develop a technology using nano-particles that would be sprayed on to a device and self-assemble into a battery (which proved to be unworkable) to their current lithium iron-phosphate chemistry. So far the only production contracts A123 has are to supply batteries for Black&Decker/DeWalt power tools, and the GM deal is the first publicly-acknowledged automotive deal.
[Source: New York Times]
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