A123 Systems (AONE) is announcing some good news along with its earnings report today.  They are going to be developing lithium ion battery systems for a joint venture project between Navistar (NAV) and Modec to develop commercial electric vehicles.  The batteries for the Navistar EV will be manufactured in Michigan with the vehicles being assembled in Indiana for a launch sometime this year.

These commercial EV’s will be designed for frequent stops, have a … Read the rest