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May 2, 2008 – Vol.13 No.6 A123Systems Begins Taking Consumer Orders for Plug-in Hybrid Conversion Modules. With the launch of its Hymotion product line’s new Web site, A123Systems is accepting consumer deposits for modules capable of increasing the fuel economy of second generation Toyota Priuses (2004 - 2008) to more than 100 miles per gallon. Fuel economy has been verified in independent testing performed at Argonne National Labs as well as Idaho National Labs. “This long-anticipated announcement is celebrated not only by us as the culmination of years of hard work, but by many who are eager to dramatically lower emissions and free themselves from dependence on petroleum,” said Dave Vieau, CEO of A123Systems. “Today, we begin a process that could conceivably change the environmental, economic and political implications of driving a car for the better.” The installed cost of the Hymotion L5 Plug-in Conversion Module (PCM) is $9995 plus shipping. Buyers can choose a certified Hymotion dealer for conversion of their hybrid vehicles. Installations for consumers are expected to begin in July, 2008.
A123Systems is in the process of developing and certifying a nationwide dealer network for the Hymotion product line, beginning with dealerships in Seattle, San Francisco, Los Angeles, Minneapolis, Boston and Washington, DC In an important step for broad acceptance, A123Systems has been working with the California Air Resources Board (CARB) and has outlined a path for conditional approval from CARB to sell up to 500 conversion modules in the state of California to begin its consumer launch. A123Systems also continues to sell Hymotion Plug-in Conversion Modules to fleet and government buyers, with more than 50 vehicles currently on the road in corporate and government demonstration programs. A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries.(4/29/08)
Links: A123Systems Hymotion
Related: GE Invests in Think Global and A123Systems to Commercialize Electric Car. A123Systems and GM to Co-Develop Lithium-Ion Battery Cell for Chevrolet Volt.
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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