A123 Soars on Electric-Car Lithium Battery Advance: Boston Mover
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A123 Systems Inc. rose 52 percent, the company’s largest increase, after the maker of electric-car batteries said it has developed an improved lithium-ion cell that can cut costs of rechargeable and hybrid vehicles.
The “nanophosphate EXT” cells will be produced next year and can be used longer and operate more efficiently in extremely high and low temperatures than competing lithium-ion packs, the company said today. That reduces the need for systems in electric cars to maintain a consistent battery temperature, said David Vieau, A123’s chief executive officer.