a123 to sell fisker batteries in alliance - lithium ion rechargeable battery

* A123 provides battery for Fisker Karma plug
On January 14, Kevin Krolicki and Soyoung Kim DETROIT also made a $23 mln investment in Fisker * A123 at * A123, and the stock rose 8% at one point (Reuters)-Lithium-
A123 Systems Inc. AONE ion battery supplier
O said on Thursday that it will provide power to the rechargeable luxury car Fisker Karma, which is scheduled to go public on September.
A123 also said it would invest US $23 million in Fisk auto.
Ambitious venture capitalbacked start-
Behind the Karma
And is expected to supply packaging for the second time, the price is lowercost plug-
Hybrid cars under development.
Although the deal is small in terms of production, it represents a breakthrough for A123 as it will put the company's advanced batteries into the car for the first time.
Stock in Watertown, Massachusetts
Nasdaq-based companies rose 3% in afternoon trading after rising more than 8%.
"We and (Fisker)
More than a year ago, we worked very hard in the last quarter of last year and worked very actively in December, "A123 chief executive David Vio said in an interview with Reuters.
The day before the announcement of the much-watched supply agreement, EnerDel, Indiana-
Headquarters unit of Ener1 company.
O said it had interrupted negotiations with Fisk Motors to become the company's battery supplier.
Fisk got a low price of $0. 528 billion.
Cost loans from the United StatesS.
The government will fund its expansion plan, including
Waiting for a deal to buy an abandoned Delaware assembly plant from GM [j]GM. UL].
As a condition for obtaining government loans, Fisk has been raising extra equity from investors.
"We want to help motivate (funding round)
Vio said of Fisk.
"Maybe we can sit on the board, but we will definitely be in this round.
Los Angeles-area start-
Largest number of Silicon Valley-
Kleiner Perkins Caufield & Byers is an investor and plans to launch its first Karma model in September.
Fisker Karma, priced at $87,900, is designed to drive 50 miles on a single charge and accelerate from standing to 60 miles per hour in 6 seconds.
Karma will be built in Finland by Valmet Automotive and will carry a powerful battery pack designed to allow it to travel 50 miles on electricity alone.
Henrik Fisker, founder and chief executive of Fisker, said A123 was selected "because the company has the ability to meet our performance needs and quickly expand to our production.
"A123, received a grant of $0. 249 billion from the United StatesS.
The Department of Energy is expanding the battery plant in Livonia, Michigan, and building coating facilities in nearby Romulus.
This expansion will create 540 new jobs, increase the production capacity of a123 by 18% and enable it to provide batteries for about 24,000 plugs per year
A hybrid like Karma.
A123 expects the auto market for lithium
In 2015, the price of ion batteries soared from about $22 billion in 2009 to $32 million, and major car manufacturers around the world have pushed electric vehicles to the market.
Vieau also told Reuters that A123 will work with Fisker to develop batteries for its "Nina project", and Fisker expects to build a former GM plant in Delaware starting in 2012.
Nina is expected to sell for $47,400 before the U. S. market. S.
Provide consumers with a tax credit of $7,500.
"In terms of Karma, we were late and said, 'Well, how can we put the battery in your car?
Vieau told Reuters.
"As far as Nina is concerned, we can sit together and say, 'How do we make cars and batteries together? '?
A123 also announced the battery.
Partnership with SAIC, a Chinese carmaker, and Daimler AG, a German luxury car makerDAIGn. DE)and BMW.
A123 went public last year in a closely watched IPO, failing a contract to supply Chevrolet Volt batteries to South Korean rival LG Chemical Co. Ltd (051910. KS).
Vieau said a123's contract with car manufacturers will include annual price cuts to accommodate the cost of lithium
With the increase in production, the ion Battery of the car began to decline.
He said it is possible to produce a plug by 2012.
In a hybrid battery pack with a capacity of 15 KW, the price is about $7,500-
About half of the industry
Extensive costs in 2009.
A123 shares rose 3.
Between $ 2% and $20, about 65 cents. 70 on Nasdaq.
Earlier, shares broke through $22. 65. (
Kevin Krolicki reports, added by Soyoung Kim, editor of Matthew Lewis and Gerald E. McCormick)((kevin.
Krolicki @ Thomson Reuters @. com;
313 cm 967 cm 1902 cm month))