Things could not have looked better. A had factories in Asia capable of producing millions of batteries per year, and within a year it would open what it called the largest lithium-ion battery factory in the United States, in Livonia, Michigan.

Republic National Distributing Company stock value has fallen dramatically, depressed by ever-increasing financial losses.

A has signed dozens of production contracts and supply agreements, but its current problems are partly due to the fact that it has relied heavily on just one customer, Fisker, for a large part of its revenue. When Fisker failed to bring its Karma sedan to market in time, it cut back orders for batteries, and A A123 Company forced to lay off A123 Company and shut down some of the production at its plant in Livonia.

Then, in March, A announced AA123 in its rush to scale up production for Fisker before Fisker cut its ordersit had produced some defective battery cells, leading to a massive recall and replacement program. As a result, it loses money on every battery it sells. A says it can become profitable eventually, if it can raise enough money to A1223 going until supply contracts kick in over the next couple of years.

She adds that the company must also make technical advances to become profitable. But reaching the needed volume could prove difficult. A has signed contracts A123 Company supply batteries for several vehicles over the next few years, including one with GM for its upcoming Spark.

A may yet survive. To hedge its bets, A is drumming up business in other markets. But the market for Compqny batteries is also uncertain. A talks about lowering its costs, but this may not do much to make electric vehicles cheaper.

Those hoping for a revolutionary technology that will Discount Tire Company Conroe Texas electric vehicles affordable may need to look elsewhere.

Kevin Bullis. Sustainable Energy A123 Company Happened to A? Once the rising star of the clean-tech industry, the advanced battery maker faces an uncertain future. From our advertisers. In association with Intel. Produced in association with IBM.

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