A123 Systems (AONE) announced last night an additional lithium battery supply deal with Navistar for the Navistar-Modec EV joint venture.  It adds to the original lithium battery supply agreement announced in March.

A123 Systems will be manufacturing batteries for Navistar’s eStar electric vehicle which is a commercial use vehicle designed for frequent stops.  A number of them have already been shipped to Fed Ex.  No word on the financials of either deal, but it is … Read the rest