A123 (AONE) Wins Production Contract for Future GM (GM) Electric Vehicles; Shares Rising
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GM (NYSE: GM) has awarded a production contract to A123 Systems (Nasdaq: AONE) for batteries to be used in future GM electric vehicles.
The contract is related to advanced Nanophosphate cells and fully integrated electronic components. The specific vehicles and brands will be announced at a later time.
Shares of A123 have surged nearly 20 percent in pre-market trade.
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The contract is related to advanced Nanophosphate cells and fully integrated electronic components. The specific vehicles and brands will be announced at a later time.
Shares of A123 have surged nearly 20 percent in pre-market trade.
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