Livonia-based A123 Systems LLC said Monday it had an agreement to sell its grid storage business and other assets in energy storage for the telecom and data storage industries to Japan’s NEC Corp.
Navitas Systems LLC will expand its Michigan operations and move to a new location in Pittsfield Charter Township, investing $9.3 million and creating 125 jobs over the coming four years, according to the state advanced energy industry accelerator NextEnergy.
Troubled battery maker A123 Systems LLC said Wednesday that it’s forming a new division called A123 Venture Technologies.
Navitas Systems LLC, a provider of energy systems and energy storage products for commercial, industrial and government customers, announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of A123 Systems’ Ann Arbor-based government business, including all U.S. military contracts, for $2.3 million.
Electric car battery maker A123 Systems has filed for bankruptcy protection and its automotive assets are being acquired by Johnson Controls. The deal is for $125 million.
The lithium-ion battery maker A123 Systems Inc. plans to hire up to 400 people over the next several months at its two Michigan factories in Livonia and Romulus.
The $55 million battery recall of A123 systems has produced its first class action lawsuit on behalf of shareholders.
ALTe Thursday announced a long-term supply agreement with A123 Systems for complete lithium ion battery packs to be integrated into ALTe’s range-extended hybrid electric powertrain systems.
General Motors has awarded a production contract to A123 Systems, a developer and manufacturer of advanced Nanophosphate lithium ion batteries and systems, for complete battery packs to be used in future GM electric vehicles to be sold in select global markets. The batteries will be built at A123’s plant in Livonia
General Motors Co. says battery maker A123 Systems Inc. will produce batteries to be used in future electric vehicles being sold in select global markets.