Tag Archives: a123
Tesla Stock Down After Earnings Release
Tesla Motors (TSLA) reported earnings last night that provided a bit of fuel for skeptics, but hope remains and the company has indicated profitability is just around the corner. In the near term though, the stock is getting hit hard today and slicing through key support at the 50 day moving average this morning. Let’s [...]
Wanxiang: A123 Buyout?
A123 may have declared in its bankruptcy filing this week that it has chosen U.S.–based Johnson Controls, rather than Chinese rescuer Wanxiang, as the preferred bidder for its automotive battery business. But that doesn’t mean that Wanxiang is letting go of its $465 million bid to buy A123 outright. That’s the upshot of a Thursday [...]
A123 Systems: Going to Zero?
There was so much enthusiasm when high-performance battery manufacturer A123 Systems (NASDAQ:AONE) came on the scene. The promise of an advanced battery manufacturing facility pumping out batteries for next-generation electric cars while providing jobs for US workers was a bold one, and one that a lot of folks cheered. But certain realities rapidly turned that [...]
GM Gives Props to Envia’s Car Battery
Back in February, Envia Systems made an announcement regarding tests of its electric vehicle battery technology, and said it had achieved an energy density of 400 Watt-hours/kilogram (Wh/g) with battery technology for electric vehicles. This week, General Motors, which backs Envia, reinforced during an employee conference that Envia’s solution could power an electric car for [...]
Chinese Investor Saves A123 Systems from Death
As its losses deepen, A123 Systems is reaching out to China for a new financial lifeline. Under the terms of a new non-binding memorandum of understanding, the electric vehicle battery maker could receive up to $450 million from China’s largest automotive components supplier Wanxiang Group Corporation. A123, which makes advanced lithium-ion technologies, supplies batteries to Fisker [...]
In Desperation, A123 Raises $39M
Lithium-ion battery maker A123 Systems on Friday announced plans to raise about $39 million in cash to shore up its finances as it struggles to survive in the midst of a massive recall of its automotive batteries. But the company also warned that it only had cash to fund operations through the next four to [...]
A123 Systems Announces Battery Breakthrough
The promising but financially troubled A123 Systems lithium-ion battery maker was expected to announce today that it has made a significant advance in battery technology that will enable electric car batteries to last longer and cost less. A123 has been a leader in the race to develop improved batteries for electric cars and has received [...]
Utility-Scale Energy Storage: How Soon?
Steven Berberich is the President and CEO of the California Independent System Operator — the entity that makes sure there is a balance of electrical generation supply to meet the power demands of 30 million Californians. The organization has a deep familiarity with baseload and synchronous generation sources. Berberich spoke at a recent energy storage [...]
More Problems at A123 Systems
Lithium Ion battery maker A123 Systems (NASDAQ:AONE) recently said in its 8K filing with the SEC that many events have raised “substantial doubt on [its] ability to continue as a going concern.” Back on March 26, A123 started a project with an estimated cost of $51.6 million to replace battery modules and packs that contained [...]