A123 Nabs Navistar EV Deal

A123 Systems (NASDAQ:AONE) reports today that it will supply its advanced lithium-ion battery systems for Warrenville, IL-based Navistar, which plans to use the batteries in electric trucks it is developing in a joint venture with Tokyo-based Modec. Watertown, MA-based A123 says that it expects to manufacture the batteries for the Navistar (NYSE:NAV) vehicles at its plant in Livonia, MI, which is due to open this month and begin production in the second half of this year.

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