TITLE

A123Systems Eyes Massive Battery Plant

PUB. DATE
February 2009
SOURCE
Assembly;Feb2009, Vol. 52 Issue 2, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the move by battery manufacturer A123Systems to apply for $1.84 billion in federal loans aimed at building a lithium-ion battery manufacturing facility in the U.S. The company anticipates to supply battery systems for about 5 million hybrid vehicles or 500,000 plug-in vehicles annually by 2013. The Advanced Technology Vehicles Manufacturing Incentive Program of the Department of Energy would provide the loans. Chief executive officer David Vieau states that A123Systems seeks a 7-million-square-feet of manufacturing space.
ACCESSION #
36996626

 

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