A123 Systems, Inc. is a developer and manufacturer of advanced lithium-ion batteries and energy storage systems built on proprietary nano-phosphate™ technology. The company designs and produces battery cells, modules and complete systems for a variety of applications, including electric and hybrid vehicles, grid‐scale storage, commercial and industrial backup power, and other high-power markets. A123’s solutions combine high energy density, rapid recharge capability and enhanced safety features to address evolving demands in transportation and renewable energy integration.
Founded in 2001 as a spin-off from the Massachusetts Institute of Technology, A123 Systems initially raised capital through private investors and public offerings to establish research facilities and manufacturing operations. In 2012, the company filed for Chapter 11 bankruptcy and was subsequently acquired by China’s Wanxiang Group in early 2013. Under new ownership, A123 restructured its operations, resumed cell production and expanded its global footprint, with R&D centers in North America, Europe and Asia.
Today, A123 serves a diversified customer base that includes leading automakers, industrial OEMs and energy utilities. Its product portfolio spans automotive battery packs for light‐ and heavy-duty vehicles, modular energy storage systems for grid balancing and microgrids, and specialty batteries for power tools and consumer electronics. The company’s manufacturing facilities are located in the United States and Asia, enabling it to meet regional demand and support large-scale deployment of energy storage projects.
Headquartered in Waltham, Massachusetts, A123 Systems is led by President and Chief Executive Officer Jason Forcier, who oversees strategy, global operations and product development. The executive team draws on decades of experience in electrochemistry, systems engineering and manufacturing to drive innovation and maintain the company’s competitive position in fast-growing energy storage markets.
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