A123 Systems, Inc. (AONE) Announces Partnership Expansion with IHI Corp.
Located in Waltham, Massachusetts, A123 Systems has quickly earned a reputation as a leading developer and manufacturer of advanced lithium-ion batteries and energy storage systems for transportation, electric grid and commercial applications. Today, A123 took a major step towards prominence with the announcement that they have expanded their business development partnership with IHI Corporation. IHI is one of the largest industrial equipment manufacturers in Japan and this partnership will help address Japan’s increasing need for the development of practical energy solutions for passenger and commercial electric vehicles. According to today’s press release, IHI will make a $25 million equity investment…