Frost & Sullivan Selects A123 Systems As Its Competitive Strategy Innovation & Leadership Award Winner
“Based on its recent analysis of lithium-ion batteries for the transportation market, Frost & Sullivan recognized Li-ion battery maker A123 Systems with the 2014 Global Frost & Sullivan Award for Competitive Strategy Innovation & Leadership.”
States Frost & Sullivan, who adds:
“The company combines advanced lithium-ion technology, R&D, strategic acquisitions and a clear marketing focus on the transportation segment.”
“While A123 Systems has historically offered solutions across transportation, energy storage, and industrial segments, it recently sold off its lithium-ion battery integration operations for the energy storage sector to NEC. Although it will remain a supplier of lithium cells to NEC, this change in focus to end-user application will enhance its position in the engineering and manufacturing of lithium-ion batteries.”
One of A123’s biggest recent introductions was its Nanophosphate EXT lithium product that offers substantial power capability at low temperatures, while delivering longer life at higher temperatures.
Imran Khan, Frost & Sullivan Research Analyst, commented:
“By extending the life cycle of its lithium product while simultaneously adding reliability and safety, A123 Systems has effectively established itself as a lithium-ion technology innovator. Specifically, within the automotive segment, A123 Systems’ lithium batteries offer more power density, thereby helping micro-hybrid vehicle manufacturers comply with regulations aimed at boosting vehicle fuel efficiency.”
Frost & Sullivan concludes that “A123 Systems has out-strategized its rivals by maintaining focus on the automotive and mass-transit segments. Similarly, A123 Systems’ affiliation as a member of the Wanxiang Group provides it with a solid manufacturing base in China, which is a promising market for lithium-ion batteries across a range of applications, including transportation.
It remains to be seen though if A123 can be competitive against the likes of LG Chem, Panasonic and some of the other big players out there.
A123’s parent company Wanxiang also purchased Fisker about a year ago with has plans to restart Karma assembly (using A123 cells) this year and begin producing the “Atlantic” (a smaller, more affordable PHEV) sometime thereafter – although that plan doesn’t seem to be going all that well, as original Karma manufacturer, Valmet in Finland began to dismantle the car’s assembly line late last year.