The ability to attain a 15-year life, or 300,000 HEV cycles, or 5,000 EV cycles are unproven and are anticipated to be difficult.
- September 27, 2009
Is this market as big or bigger than A123 thinks it is? --Ed.
On Thursday, A123 Systems (AONE) had an extremely successful IPO for its lithium-ion based battery for electric vehicles, which begs the question How Big is the Battery Market for Electric Vehicles, according to a report Semiconductors for Alternative Energy Technologies: Opportunities and Markets, recently published by The Information Network, a New Tripoli, PA-based market research company.
On Thursday, A123 Systems (AONE) had an extremely successful IPO. The company uses proprietary nanoscale material technology developed at and licensed from the Massachusetts Institute of Technology. A123 Systems is also utilizing its 215 employees for R&D on new generations of this core nanophosphate technology. It recently developed an ultra high power battery for the Vodafone McLaren Mercedes team that provides more than ten times the W/kg as compared to a standard Prius battery.
How big the market for batteries for electric cars and the competition A123 Systems faces are key issues facing investors. On the end-user side, data show that the number of EV (electric vehicle), HEV (hybrid electric vehicle), PHEV (plug-in hybrid electric vehicle) models with an annual production run of at least 20,000 vehicles will grow from 19 models in 2009 to over 150 models in 2014 and over 200 models in 2019. In addition, estimates for the global lithium-ion battery market for... [Read More]