A123 Systems Corp.

Company Snapshot

Founded: 2001
Entity Type: Private
Region: U.S.
Headquarter: Michigan, U.S.
Key Geographics: U.S.
Corporate Address: 2701 Cabaret Drive, Novi, Michigan 48377 U.S. Tel. +1-73-4772-0300 www.a123systems.com

Company Overview

A123 Systems LLC is a company that designs and manufactures advanced lithium-ion batteries and energy storage systems. The company was founded in 2001 and is based in Michigan. A123 Systems specializes in developing high-performance batteries for electric vehicles, as well as energy storage systems for grid and renewable energy applications. The company has developed partnerships with major automotive manufacturers, including BMW, General Motors and Audi, to supply batteries for electric and hybrid vehicles. The company’s energy storage systems are also used in a range of applications, including grid stabilization, peak shaving and backup power for critical infrastructure. A123’s proprietary nanophosphate technology is built on novel nanoscale materials initially developed at the Massachusetts Institute of Technology.

A123 Systems Corp. In Reports

Nanotechnology in Energy Applications

BCC Research Market Report says global nanotechnology in energy applications market should reach $18.8 billion by 2028 from $9.3 billion in 2023 at a CAGR of 15.0%.

Grid-Scale Electricity Storage Technologies: Global Markets

BCC Market Research Report for Grid-Scale Electrical energy Storage system. Get market size estimates and forecasts for the global market and all major market segments through 2025.

Large and Advanced Battery Technology and Markets

The global market for large and advanced batteries should grow from $64.1 billion in 2019 to $109.9 billion by 2024 with a compound annual growth rate (CAGR) of 11.4% for the period of 2019-2024.

Company's Business Segments

  • Low Voltage Solutions : A123 is one of the pioneers in Global Passenger Battery System Solutions. With its unique Global Super Nano Lithium Iron Phosphate Technology, the company's 12V/48V battery products have Higher Energy Density, Better Safety, Greater Adaptability.
  • High Voltage Solutions : A123 possesses rich capabilities in Design, R&D, Production of High-voltage Battery Products for new Energy Passenger Cars.
  • ESS Solutions : A123 offers Energy Storage Technologies, Solutions for global customers in Power, Industry, Commercial, Residential fields.

Applications/End User Industries

  • Power
  • Automotive
  • Material Technology
  • Battery System Solutions
  • Lithium Ion
  • Lithium Iron Phosphate Technology
  • Energy Passenger Cars
  • Energy Industry
  • Commercial Fields
  • Residential Fields
AI Sentiment