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A123 Systems Signs Multi-Year Li-ion Battery System Supply Agreement With Fisker Automotive, Intends to Invest Up To $23M in Fisker

Green Car Congress

A123 Systems has entered a battery supply agreement with Fisker Automotive to supply battery systems for the Fisker Karma Plug-in Hybrid Electric Vehicle (PHEV). The multi-year agreement provides that A123 is the selected battery system supplier for the Fisker Karma. facility with production slated to commence later this year.

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million (a decrease of 53% from $36.4

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Next pickup for Nissan and Mitsubishi may get PHEV, EV versions

Baua Electric

Nissan and Mitsubishi have been corporate allies since 2016, and the current-generation Nissan Rogue and Mitsubishi Outlander crossovers use a common platform. This latest news comes just after Fisker confirmed a partnership, allegedly with Nissan, to manufacture and share its Alaska electric pickup has dissolved.