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A123 Systems

A123 to double Li-ion output as it forecasts 50% growth

Fri, 06/12/2015 - 10:25 -- Paul Crompton
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A123 to double Li-ion output as it forecasts 50% growth
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North American lithium-ion firm A123 Systems is set to double its global manufacturing capacity to 1.5 GWh to meet demand.

An additional $200+million of investment is planned over the next three years, with further investments anticipated as target markets develop.

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Turbulent week of mixed fortunes for A123 Systems

Thu, 05/21/2015 - 15:31 -- Paul Crompton
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Turbulent week of mixed fortunes for A123 Systems
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It doesn’t matter how you spin it, lithium-ion battery manufacturer A123 Systems has had a heady mix of fortune this week.

Firstly the company, bought for £251million by China’s Wanxiang Group in 2012 after filing for bankruptcy, sold its the non-automotive lithium-ion battery and system integration branch.

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Lawsuit accuses Apple of poaching A123’s top Li-ion battery engineers

Fri, 02/20/2015 - 14:27 -- Paul Crompton
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Lawsuit accuses Apple of poaching A123’s top Li-ion battery engineers
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Lithium iron phosphate battery manufacturer A123 Systems is suing Apple Inc. for alledgedly poaching five key members of its staff.

A123 has accused five former employees of violating Invention, Non-Disclosure, Non-Competition and Non-Solicitation agreements in the lawsuit filed in Massachusetts state court on February 13.

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