A123 Systems, a Massachusetts-based lithium-ion battery manufacturer, has announced that its chief financial officer and vice president of finance and administration, Michael Rubino, will step down from his position and part ways with the company effective January 2011. A123 Systems has already launched a search for a successor capable of handling Rubino's duties.
Lithium ion battery maker EnerDel wants to tap into some of the $25 billion that Congress set aside to help fund advanced vehicle manufacturing in the 2007 energy bill. EnerDel has applied for low interest loans totaling $480 million to help fund the construction of manufacturing capacity for batteries. Automotive scale battery manufacturing is limited today, particularly in the US. Right now EnerDel is the only US company making automotive lithium batteries at facilities in Indianapolis and Nob