By Jon Mainwaring
One of the world’s leading suppliers of high-power lithium-ion batteries, A123Systems, raised close to $400 million in September when it listed on NASDAQ.Using nanoscale materials, A123’s battery technology delivers low cost per watt performance and supports a higher voltage than other long-life battery systems, making its products attractive to automotive firms. Many have already signed deals with A123 to supply its batteries for use in new electric and hybrid vehicles.
