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A123 Systems Selected to Develop Battery Pack for New Electric …

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A123 Systems Selected to Battery Pack for New Electric from Shanghai Automotive Corporation

November 09, 2010 | Source: A123 Systems,

WATERTOWN, Mass. and SHANGHAI, Nov. 9, 2010 (GLOBE — A123 Systems. a and manufacturer of advanced Nanophosphate ion batteries and systems, today that it has been selected to battery packs for a new, model year electric car from Shanghai Automotive Corporation (SAIC). the largest in China. Under the terms of the of intent, A123 will use its to develop a customized battery that it will provide to Traction Battery Systems Co. the joint venture established A123 and SAIC Motor Co.

Ltd.. for production.

A123’s battery systems deliver safety, extended life and overall performance, which is why we selected them for our new electric car as well as for several of our other vehicles in development, said Dr. Jun general manager of the New Energy Division at SAIC. We remain to producing a complete line of to support the government’s new energy initiative, and we expect to continue to our partnership with A123 and as key suppliers for current and future

This announcement accentuates the success of the A123/SAIC joint the first to be established between a battery manufacturer and a leading automaker and its focus on developing, and selling complete vehicle battery systems in China, the and fastest growing automotive in the world. In addition to this new passenger car, A123 supplies battery technology to for several of its other electric vehicles in development, including the 750 hybrid electric sedan and the 550 plug-in hybrid electric

Chinese government officials forecasted that the country’s production of electric vehicles reach 1 million units by Through our joint venture SAIC, we are excited about the to contribute to this admirable by developing battery technology for new passenger car as well as for several of other programs, said Forcier, vice president of the Solutions Group at A123 These platforms highlight commitment to China’s new energy initiative, and they also the versatility of A123’s batteries and as the ideal solution for whichever of energy-efficient vehicles gain adoption in the Chinese market.

A123’s advanced Nanophosphate ion batteries and systems are designed to customers quickly and cost-effectively innovative solutions from to commercialization. A123 is the first U.S.-based battery manufacturer to TS 16949 certification for its cylindrical ion cells for automotive applications. that the company’s product and manufacturing processes meet the standards for excellence in the automotive In addition to SAIC, A123’s list of transportation customers BAE, Eaton, Fisker Navistar and other global and heavy-duty vehicle manufacturers.

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The innovative technologies are also implemented in a wide variety of products, and the company has also more than 30MW of its Grid Stabilization Systems to customers worldwide, making the world’s largest producer of ion batteries for ancillary services for the grid.

About A123 Systems

Systems, Inc. (Nasdaq:AONE ) and manufactures advanced lithium ion and battery systems for the transportation, grid services and commercial Headquartered in Massachusetts and founded in A123 Systems’ proprietary electrode technology is built on developments from the Massachusetts of Technology. For additional information visit www.a123systems.com .

Safe Disclosure

This press includes forward-looking statements the meaning of the Private Securities Reform Act of 1995 that are to risks, uncertainties and other including statements with to including statements with to the expected launch date of new electric passenger car, and its benefits and features, as well as the demand for cells and battery to be supplied to SAIC, the market for transportation in China, the timing of of battery systems by the ATBS venture and final agreement by the on the terms and conditions of supply. the factors that could actual results to differ from those indicated by forward-looking statements are: in customer and market demand for and of SAIC’s. delays in the development of products, adverse economic in general and adverse economic specifically affecting the markets in A123, SAIC and ATBS and other risks detailed in Systems’ 10-Q for the quarter September 30, 2009 and other available filings with the and Exchange

Commission. All forward-looking statements A123’s expectations only as of the of this release and should not be upon as reflecting A123’s expectations or beliefs at any date to the date of this release.

SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars

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