Browsing the "A123 systems" Tag

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Will The Apple Car Arrive By 2020?

Originally posted on EV Obsession Just a month ago, hardly anybody entertained the notion that tech giant Apple might one day build its own electric car. Yet in the past few weeks rumors like Apple trying to poach key automotive employees from Tesla, as well as battery maker A123, make it seem all but certain […]

February 23rd

How Fisker Burned Through $1.3 Billion

With Fisker Automotive on the brink of bankruptcy, there are those of us left wondering how this small niche automaker managed to spend $1.3 billion of public and private investments in just a few short years. A new report lays out in detail how Fisker Automotive blew through a billion dollars, while developing and delivering just over 2,000 vehicles, becoming possibly the biggest venture capital blunder in history.

April 19th

Fiskers Claims Against A123 Systems Cut By 89%

Fisker Automotive made claims of $140 million against A123 Systems (now called B456 Systems. They moved onto the next letter in the alphabet and used the three numbers after 123) because of the rejection of its supply agreement and alleged breach of warranty obligations. The claims were $91.2 million for damages caused by rejection of its supply agreement, and $48.7 million for a breach of warranty obligations. But most of these claims were rejected.

April 10th

Opel Adam EV Cancelled, High Costs Cited As Factor

Around the world, automakers that were once bullish on electric vehicles, investing billions into new battery and motor technology. But a harsh reality of low EV sales mixed with an uncertain economic outlook, especially in Europe, has settled over the industry. So it isn’t the least bit surprising to hear that the Opel Adam EV has been cancelled…mostly due due to high costs.

November 9th

A123 Systems Wants To Void Fisker Contract: Fisker Says Not So Fast

The bankruptcy of American battery maker A123 Systems was another blow to President Obama’s green energy loan program. Yet as the consolidation of the battery industry continues, crucial questions are arising about the deals made between battery makers and electric car companies. While A123 wants to void a contract it made with Fisker Automotive, Fisker says that would disrupt the deployment of its plug-in hybrid Karma.

November 6th

ALTe Takes EV Conversions To China For Survival

The cottage industry of electric vehicle conversions was hoping to ride the wave of EV fever into a much larger market. Unfortunately, the high cost of conversions means there are few takers, and several conversion companies have already gone out of business.

Yet Auburn Hills-based ALTe Powertrain Technologies believes there is still a market for EV conversions…it just isn’t in the U.S.

September 12th

5 Reasons America Is Giving Up On EVs Already

The recent economic turmoil has had plenty of victims, among them a number of cleantech companies like Solyndra. These greentech failings certainly have short-term consequences that include loss of employment, but many business commentators have noticed a disturbing trend, especially in the EV battery market.

Is America really surrendering its lead on electric cars just a few short years into this experiment? It is starting to look that way for five reasons I outline below.

August 13th

A123 Systems Scores Smith Commercial Fleet Deal

Earlier this week, A123 systems announced that the company had been tapped to provide high-capacity (up to 45 kWh!) li-ion battery packs for the upcoming Smith Newton 7.5 ton, medium-duty commercial truck – which already sees service in fleets owned by such diverse outfits as Pepsi, Staples, and the US Marines Corp. One of my […]

June 11th