America's A123 Systems, China's SAIC Team on Battery Systems for EVs, Hybrids
By Scott Doggett December 17, 2009
A123 Systems Inc. is setting up a joint venture with SAIC Motor Corp. to develop battery systems for hybrid-electric and pure-electric passenger and commercial vehicles.
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Right, SAIC's conventional Roewe 750.
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SAIC, China's largest automaker by sales volume, will hold 51 percent of the venture, the Watertown, Mass.-based A123 Systems said in a statement today.
Right, SAIC's conventional Roewe 750.
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Shanghai Advanced Traction Battery Systems Co., as the joint venture is called, will be the preferential supplier of battery systems for hybrid-electric and electric vehicles made by SAIC, A123 said.
SAIC is planning to develop a hybrid Roewe 750 sedan and a plug-in hybrid version of the Roewe 550. It also plans to launch electric vehicles in 2012.
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