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Clean-tech company gets an investment from General Electric and other investors as it seeks to expand its lithium ion battery operations.
Chrysler announced that it selected lithium ion battery manufacturer A123Systems to produce the energy storage systems for Chrysler's first-generation ENVI Range-extended Electric Vehicles and battery only Electric Vehicles.
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.
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.
Luxury electric vehicle, the Fisker Karma, and potentially a lower-end Fisker model will use batteries supplied by A123 Systems.
Will A123 Systems be a bellwether for so many green-tech start-ups? In its first day on the market, the lithium ion battery maker sees its shares soar over 50 percent.
Is the clean-tech IPO window starting to open? A123 Systems, a lithium-ion battery company spun out of MIT, files paperwork to go public.
First power tools, then cars and planes, and now the power grid. A123 is now working with utilities for "grid stabilization," or short-term storage.
Aaron Light 1.2.3 replaces the just-released 1.2.2; system freeze/crash bug fixed