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Contract between 123 Systems and Navistar, Inc. to Produce Lithium Ion Battery Systems

Posted on March 16, 2010 in Electric Vehicle | No Comments
Contract between 123 Systems and Navistar, Inc. to Produce Lithium Ion Battery Systems On March 9th a control was announced between 123 Systems (Nasdaq:AONE) and Navistar Inc. (NYSE:NAV) to work jointing in the development of the lithium ion batteries that are commonly used in various types of electric vehiciles (EVs). This is a venture that Modec and Navistar are engaging in jointly for Navistar Modec Electric Vehicle Alliance. 123 Systems develops and manufactures advanced forms of Nanophosphate lithium batteries and systems for consumer markets, grid services, and for consumer transportation. Navistar, Inc. is known worldwide as a well known leader in commercial transportation. Subsidiaries of the company produce military and commercial vehicles that are an International brand, MaxxForce diesel engines, Monaco RV recreation vehicles, IC Bus commercial and school buses,  [...]

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