A123 Systems (AONE +11.1%) shares spike on news of a deal to supply lithium ion battery packs to...

|About: A123 Systems, Inc. (AONEQ)|By:, SA News Editor

A123 Systems (AONE +11.1%) shares spike on news of a deal to supply lithium ion battery packs to India-based automaker Tata Motors (TTM) for hybrid electric systems in commercial vehicle applications. The batteries initially will be deployed on city transit buses. Terms of the deal were not disclosed.