Today in Cleantech

It’s the best of times and the worst of times for battery maker, A123 Systems. Yesterday we got news that Indian automaker, Tata Motors, would be using A123 Systems’ batteries for its commercial vehicles and shares rose 10 percent. This morning we learned that the company will report an $85 million loss for the fourth quarter due to reduced orders from luxury EV maker, Fisker, and the stock took a hit. Buried in today’s news was talk that A123 Systems is inching closer to a deal with major Chinese automaker SAIC Motor to partner on a battery factory in China. In truth, it’s mostly been the worst of times for A123 Systems as it learns how difficult it is to run a business with one major customer, Fisker. But clearly the company knows this and between Tata and SAIC, it’s doing everything it can to look abroad to supply other automakers.