Michigan Based A123 Systems Opens Largest Lithium Ion Automotive Battery Plant In America
A123 Systems, Inc. (NASDAQ:AONE), a developer and producer or advanced Nanophosphate lithium ion batteries has announced today that they have opened the largest lithium ion automotive battery production facility in North America. The new plant is located in Livonia, Michigan and they are expecting to expand manufacturing capabilities by up to 600MW hours per day.
A123 Systems has opened the plant about one year after A123 receive a $249 million grant from the U.S. Department of Energy. The grant was made as part of the American Recovery and Reinvestment Act.
“The opening of our Livonia facility is a significant milestone and confirms that we are accomplishing our stated objectives that accompanied the DOE grant. Bringing this factory on line in just over a year is a testament to our technology innovation and strategic plan to ramp up manufacturing, but it also speaks to the maturity of the market—without significant customer demand for our products today, a capacity expansion of this magnitude would not be possible,” stated A123 President and CEO David Vieau. “We are grateful to the DOE, the state of Michigan and everyone else who helped make this vision a reality.”@amitchowdhry or on Google+ at +AmitChowdhry