Fisker Automotive has contracted with Boston-based A123 Systems to supply battery packs for the forthcoming Fisker Karma plug-in electric car.
A123 Systems on Thursday said that it will supply lithium ion-based systems to Fisker for use in the Karma luxury sedan, which is due in late 2010. The intent is to also supply batteries for Project Nina, a lower-end model from Fisker due in 2012.
As part of the deal, A123 Systems is investing up to $23 million in Fisker, which would be up to $13 million in cash and the rest in stock. The battery cells and systems are … Read more