A123Systems Cozies Up to China& s SAIC for Battery Joint …

16 Июн 2014 | Author: | Комментарии к записи A123Systems Cozies Up to China& s SAIC for Battery Joint … отключены
Chery Riich M1 EV Electric Cars

9 Comments

A123Systems, the Massachusetts-based maker that snagged a big of Energy grant and pulled off a IPO earlier this year, has announced a new joint venture in Partnering with SAIC General Motors partner in the market A123 plans []

the Massachusetts-based battery maker snagged a big Department of Energy and pulled off a successful IPO earlier year, has just announced a new venture in China. Partnering SAIC Motor General partner in the Chinese market plans to develop, manufacture and battery systems for use in a variety of in China, including hybrid and passenger cars, heavy-duty and buses.


Ultimately, A123 hopes new venture dubbed Shanghai Traction Battery Systems Co. or will help the company a foothold for its lithium-ion battery in China. According to this s release, ATBS will to develop business throughout the Chinese transportation market and A123 to strategically gain share. The Massachusetts company has a start: Using cells A123, ATBS will be the supplier of energy storage for all hybrid and electric vehicles by SAIC, which plans to launch and plug-in hybrid versions of its sedans. And in 2012, SAIC plans to out an all-electric model .

SAIC Motor part of the Shanghai Automotive Industry  holds a 51 percent stake in the new while A123 holds the 49 percent. The companies have not how much they are investing in the but today s announcement comes than a year after Motor announced plans to 3 billion yuan (about million) over three to develop hybrid and plug-in vehicles, as well as parts for the

Chery Riich M1 EV Electric Cars

This latest joint marks the second step the Asian market in less two months for A123, which its manufacturing primarily in Korea and China (it s setting up manufacturing in the with the Department of Energy awarded this summer). In A123 announced a deal with IHI for the Japan-based heavy equipment to sell the firm s batteries and systems in Japan to automakers and for use in as well as in its power systems. starting next

Like Japan, the government in has thrown significant weight electric vehicles. aiming to China the world’s leading of electric vehicles and eventually electric buses. But J.D. Power and analyst Mike Omotoso has us plug-in vehicles have a road ahead for commercial “The price of gas needs to go up before there’s more for electric vehicles, he said, in China, here, or anyone

Other analysts have more optimistic forecasts. at the firm Frost Sullivan this spring that cars will be truly in China by 2011 or 2012, and the country’s fleet will a minimum 10-year transition to hybrids and battery-electric vehicles as as next year. Given China could possess an up to 400 billion (about $58 billion) market for vehicle batteries by 2030, to estimates from McKinsey Co. s could potentially build a business in the country.

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
SAIC Roewe E50 Electric Cars
SAIC Roewe E50 Electric Cars

Interesting articles

Other articles of the category "Interesting":

Twitter-news
Our partners
Follow us
Contact us
Our contacts

dima911@gmail.com

423360519

About this site

For all questions about advertising, please contact listed on the site.


Catalog ALL Electric Cars and hybrid/ News and Information about Electric Car and Electric Vehicle Technologies, batteries for vehicle catalog with specifications, pictures, ratings, reviews and discusssions about Electric and Hybrid cars - Green energy