GM pact charges up battery maker A123

General Motors has signed a production deal with Waltham’s A123 Systems to supply lithium ion batteries for the Detroit carmaker’s future electric vehicles.
Specific brands and vehicles, which will be sold in select global markets, will be Dell Studio 17 AC Adapter announced at a future date, according to GM, which did not disclose terms of the deal.
A123, which previously had a development Dell Latitude AC Adapter contract with GM, started producing the Nanophosphate cells and integrated electronic components, at its Livonia, Mich., plant in late 2010.
“This has the potential for us to be anywhere from Dell Vostro AC Adapter thousands to tens of thousands of (battery) packs per year,” A123 spokesman Dan Borgasano said. “That depends on how many markets they’re going into, how many they make and the Dell LA90PS0-00 AC Adapter demand for the cars. It’s definitely a milestone for A123.”
The Livonia plant went online Dell pa-10 AC Adapter last summer as the largest lithium battery manufacturing facility in North America, with the Dell PA-1900-02D AC Adapter capacity to produce batteries for 30,000 cars per year.
“This (GM contact) could be a $75 million to $100 million piece of Dell pa-21 AC Adapter business at 5,000 car units a year, if they could get to that level,” said analyst Robert Brown of Craig-Hallum Capital in Minneapolis.
Shares of A123 climbed 45 percent Dell pa-12 AC Adapter yesterday to $4.60 after surging as much as 49 percent — the most since September 2009.
The company had said in February that it had been awarded a ASUS A2000L AC Adapter production contract with a “major North American automaker” for a new electric car expected to hit the market next year. It said the gateway NV59C battery contract would be a “significant” contributor to revenue from 2013 to 2015 once the “high-volume” program scaled production.