A123 Systems Expands Manufacturing Capacity
Company develops and manufactures advanced nano-lithium ion batteries and systems
Last month, A123 received a $249M grant award from the Department of Energy (DoE), and will use this capital to help fund expansion plans at a plant in Michigan, for which the company just signed a lease for the 300,000 sq. ft. facility. The company’s press release notes, “The expansion in capacity will provide A123 with the overall ability to produce over 320,000 hybrid vehicles with 1.1 kWh battery systems, or over 24,000 PHEVs with 15kWh battery systems per year.” The initial investment for Michigan is to create A123’s coating operations for North America, with the company building towards the facility being ready for production by June 2011. Companies currently working with A123 Systems include Chrysler, Black & Decker, and Delphi.