a123 systems plans u.s. battery production - 3.7 volt lithium ion battery

Detroit, January 7Reuters)-
Battery maker A123 Systems plans to build a car battery manufacturing facility in the United States and has applied for $1.
The company said on Wednesday that the government provided 84 billion of the loans for construction.
A123 of competitive supply next-
Lithium generation-
Ion batteries of General Motors (GM. N)all-
The electric Chevrolet Volt says it plans to invest $2.
3 billion for the proposed United StatesS.
The first factory is located in southeast Michigan.
To support construction, A123 submitted a direct loan application under the US $25 billion loan programS.
American occupation of automobile industryS.
Energy Department last year.
The loans will enable the company to expand the U. S. market, A123 said. S.
The production capacity is significant, and by 2013, the total battery production of 5 million hybrid cars is available every year.
A123 is expected to create more than 14,000 jobs in full operation.
Watertown, Massachusetts-
Companies based in Korea and China now have production facilities.
A123 and Germany AG (CONG. DE)
In the joint bid for lithium
Ion battery pack for the much-touted plug of GMin hybrid.
The two companies and LG Chem in South Korea (051910. KS)
Volt contracts with close attention
Steve Roy, spokesman for A123 Systems, said the plan for the United StatesS.
Manufacturing facilities are not directly related to the bidding for lithium supply
Ion battery for General Motors Volt.
He added that it aims to support multiple ongoing projects between a123 and automakers from GM to Chrysler LLC.
General Motors Ford Motor CompanyF. N)
Chrysler and some parts suppliers are seeking an authorized share of $25 billion.
Interest on government loans to help the United StatesS.
The automotive industry has met new fuel economy requirements. (
Soyoung said Gold, edited by Maureen Bavdek)