A123 Systems: A Matter of Demand
Updated with closing share price.
On the end-user side, data show that the number of EV (electric vehicle), HEV (hybrid electric vehicle), PHEV (plug-in hybrid electric vehicle) models with an annual production run of at least 20,000 vehicles will grow from 19 models in 2009, to more than 150 models in 2014, and more than 200 models in 2019.
In addition, estimates for the global lithium-ion battery market for automotive application in EVs, PHEVs and HEVs are $31.9 million in 2009 growing to $21.8 billion by 2015 and $74.1 billion by 2020.After spending most of the day in negative territory, shares of A123 managed to close higher, finishing at $19.63, up 3 cents, or 0.15%, following a debut Thursday that saw the shares rise more than 50%.
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