A123 Systems, Inc.

A123 Systems wants to get people all charged up about new cars. And it plans to use rechargeable lithium-ion batteries to do it. The company develops and manufactures rechargeable batteries and battery systems for the transportation, consumer, and electric grid markets. A123 is targeting the fast-growing electric and hybrid electric vehicle market. In the electric grid sector, the company is working with AES to produce multi-megawatt battery systems that take the fluctuations out of the electricity grid and provide backup power during shortages. In consumer products, its batteries are used in home appliances, power tools, and electronics. More than half of sales come from customers in the US.
Contact Details
Executives
Chairman
Gururaj (Desh) Deshpande
President, CEO, and Director
David P. (Dave) Vieau