Issue Date: January 12, 2009
A123Systems Plans U.S. Battery Plants
Battery maker A123Systems has applied for $1.84 billion in direct loans from the Department of Energy's Advanced Technology Vehicles Manufacturing Incentive Program to support construction of lithium-ion battery plants in southeast Michigan and other U.S. locations. The company says it could expand to employ 14,000 people and produce batteries for 5 million hybrid vehicles by 2013. The company is working with seven manufacturers of hybrid and all-electric vehicles including General Motors, Chrysler, and Norway's Think.
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