A123 - News, Trends, A123 Links
A123 Systems wants 1.8 billion $ for making batteries for EVs
A123 Systems announced today that it has applied for $1.84 billion in loans from the Department of Energy to help contribute to the $2.3 billion required to pay for the construction of battery plants in the United States. In what should be good news for Michigan, the first of the facilities A123 is planning would be located there. If A123 gets the funds, it plans to have enough cell manufacturing capacity in place by 2013 to support 5 million hybrid vehicles or half a million battery evs - Read More
Tags : batteries ev energy investments
Topics : Energy Storage