GE-Backed A123 to Supply Lithium Cells for SAIC’s Electric Car
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A123 Systems Inc., a maker of rechargeable auto batteries, will supply lithium-ion cells to SAIC Motor Corp. for use in an electric vehicle as the U.S. startup expands ties with China’s largest domestic carmaker.
Cells made by A123, part-owned by General Electric Co., will be integrated into battery packs for Shanghai-based SAIC at Advanced Traction Battery Systems Co., the companies’ joint venture, A123 said in a statement. The car, due in 2012, will have range of about 100 miles between charges, said Jason Forcier, vice president of A123’s automotive group. The battery maker didn’t say how many vehicles will be built.