U.S. lithium-ion battery manufacturers in A123 Systems Inc has announced this week, four are with the Chinese company SAIC joint sales of the world’s largest automotive market for electric vehicles required for battery systems.
A123 Systems Inc. joint venture with Shanghai Automotive in China power system of the car battery.
These battery systems for hybrid and pure Panasonic electric vehicles, heavy trucks and buses.
A123 Systems Inc. Jason Forcier head of the automotive sector, said: “This is an important commitment to the Chinese market. We hope that in the truck and passenger car market has become the leader.”
After the announcement, the company is located in the United States, Massachusetts, shares rose 6 percent to U.S. $ 19.40 per share.
This joint venture is called Shanghai traction Advanced Battery Systems Co. Among them, SAIC has a 51% stake, while the A123 Systems Inc. received 49% of the shares.
Forcier said that because the Chinese government supports the development of electric bus, so that in the short term, China’s passenger car market for companies is an attractive development. In the long run more profitable car market.
A123 Systems Inc. in August this year of U.S. $ 249.1 million obtained by financing U.S. government, will be in the United States in mid 2010, the first battery factory to begin production.
Total amount of lithium-ion automotive battery market in 2009 is expected to reach U.S. $ 3200. However, according to forecasts, this market will be in 2015 totaled $ 220 million.
Automotive manufacturers in the world have plans to launch in the next two to three years of electric vehicles.
Forcier that the reduction in the costvgp-bps13 , vgp-bps13/s , vgp-bps13a/b vgp-bps13b/b, of the battery system, the main challenges for development. He said: “Cost is the real driving force in this market. I A123 Systems Inc. in the coming years, the battery can be 35% lower costs.”
Analysts predicted that electric cars and plug-in hybrid electric system costs of the vehicle battery in U.S. $ 8000 $ 15,000.
A123 Systems was founded by Massachusetts Institute of Technology with the United States on the creation of scientists. Currently the company is working with BMW, Daimler Chrysler and Renault to cooperate. At the same time, also with parts maker Delphi and Magna Steyr have a cooperative relationship.
SAIC and A123 Systems to establish a joint venture has received contracts for the supply of SAIC is plug-in hybrid battery systems for electric vehicles available.
Shanghai Automotive plans to produce hybrids Roewe 750, and the Roewe 550 cars plug-in hybrid version. After the adoption of new technologies,ec808 two fuel consumption can be reduced by 20% and 50%.
SAIC plans to launch electric cars in 2012.
