1. A123 Awarded Production Contract by GM; Stock Rises

    A123 Awarded Production Contract by GM; Stock Rises
    GeneralMotors awarded a production contract to A123 Systems for batteries to be used in future GM electric vehicles to be sold in select global markets. The contract includes advanced Nanophosphate cells and fully integrated electronic components. The specific vehicles and brands will be announced at a later date. GM battery engineering teams have tested and validated the A123 battery chemistry at the automaker’s Global Battery Systems lab in Warren, Mich. Teams from both companies will now work on developing calibrations and software controls for the battery system in preparation for production.
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