The publicly traded firm thus becomes the latest government-backed energy company to file for Chapter 11 amid strong competition and soft demand.
Battery maker A123 Systems will need to replace batteries to the Fisker Karma and other vehicles following the discovery of a defect at its Livonia, Mich., battery plant.
Late-to-the-EV-party Fisker Automotive may be dragging down suppliers with its tardiness. A123 Systems lowered its 2011 revenue forecast due to reduced orders, and it's pointing a finger squarely at the Danish car maker.
Lithium ion battery maker A123 Systems will have grid storage system coupled with wind turbine installed for tests in China.
Power generation company AES to install 20 megawatts worth of batteries for "spinning reserve" in Chile, one of the largest battery projects to ensure grid reliability.
Lithium-ion battery company's factory is part of its bid to bring large-scale advanced battery manufacturing for electric vehicles and grid storage to the U.S.
Start-up 24M Technologies receives $10 million in venture funding to pursue high energy density storage for vehicles and grid storage that combines lithium ion and flow battery concepts.
A123 Systems, one of the few energy tech companies to go public in recent years, is trying to compete in auto and grid storage with manufacturing scale.
Automotive News reports on a new battery manufacturing contract and plant by A123 Systems.
Luxury electric vehicle, the Fisker Karma, and potentially a lower-end Fisker model will use batteries supplied by A123 Systems.