Douglas Korthof

Is Fiat and Chrysler's Pullback on Electric Cars Bad News for A123 Systems?

Until Nickel-Metal Hydride (NiMH) batteries go back into production (Chevron-GM stopped their use via lawsuit), EVs will have the WRONG BATTERY with expensive Lithium that doesn't last long enough to amortize the original cost and that has no recycle value. A123 didn't have much prospect of use in transport, IMO, even before the GM pullout. Look at A123 revenues; it's almost all power tools, not EVs or hybrids. Unless Lithium works in EVs and/or hybrids, it's not easy for me to see where Aone's market cap comes from.