A123 Systems is the maker of advanced lithium-ion cells which are being tested for use in the Chevy Volt.
Most analysts agree that the lithium-ion battery market for electric cars will be massive could be on the scale of tens of billions of dollars. A123 already has significant leverage due to their unique technology and partnerships not only with GM but many other automakers as well.
After several weeks of rumors, A123 has publicly reported that they have filed for an IPO, or initial public offering of their stock. Could this have anything to do with GMs choice of battery suppliers?
So like they’re saying in China today, let the games begin.
Source (A123 )
And here is the full SEC filing, filled with details about A123s technologies and capacities (Link )
Thanks to stealthcaveman in our forum for the tip!
[UPDATE: If and when the stock gets listed it will trade as "AONE"]
This entry was posted on Friday, August 8th, 2008 at 10:34 am and is filed under Battery, Financial. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.