A123Systems and Bak Battery (OTC Bulletin Board: CBBT - News) have announced that they had signed a manufacturing agreement for Bak to produce A123's patented Nano-Phosphate Lithium Ion batteries based on patented nanotechnology licensed from the Massachusetts Institute of Technology (MIT) (previous post). A123Systems has developed a new generation of Lithium-ion batteries, that will deliver up to 10X longer life, 5X power gains, twice the power density and dramatically faster charge time as compared to conventional lithium technology
The press release said that Bak has started production of batteries for power tools as they previously announced they would, but it did not specifically state that were ready to produce batteries for the hybrid vehicle market as indicated by this statement:
We ... established volume production capability for lithium polymer battery cells, constructed a production line for a new 'high power' battery cell initially directed towards the cordless power tool market and other applications while beginning the implementation of a high volume lap top computer battery cell manufacturing line.
We are getting closer to having advanced lithium-ion batteries for cars, but not quite there as I see it. We will have to wait for their announcement that they have started production of car batteries, which should enable the start of a revolution in propulsion of cars.
China Bak Battery Announce Strategic Cooperative Agreement with Lenova and manufacturing agreement with A123 Systems, Press release, February 9, 2006
A123Systems, Watertown, MA USA
Technorati tags: batteries, lithium-ion batteries, energy, technology
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