For the moment, nickel-hydride batteries are more commonly found in electric vehicles, but in theory, lithium batteries may eventually become the power source of choice. According to leading auto parts supplier Johnson Controls ( JCI), which has been growing its lithium battery business, lithium batteries are 30% smaller, 50% lighter, and three to four times more energy dense than nickel-hydride batteries. Furthermore, lithium lasts longer and is two to three times faster to recharge, the company says.
NEW YORK (TheStreet) -- The global push for fuel economy has prompted a growing gravitational pull towards electric vehicle cars, prompting the investment community to increasingly consider the makers of rechargeable lithium batteries for these cars as an investment opportunity.
lithium battery business have been working around the clock to position themselves for the expected expansion of the electric car market. Here we take a look at those who took a beating in 2010....
HEV) or A123 Systems ( AONE), but notes that they're facing numerous challenges. "We previously highlighted how expensive lithium-ion batteries are and that costs need to be cut in half to further the adoption of electric cars," he noted. O'Neill has a hold rating on the stock.
NAV), Fisker and BMW. Two weeks later, A123 said its chief financial officer Michael Rubino would be leaving the company effective Jan. 14 to join a Boston clean-tech startup company. Deutsche Bank analyst Dan Galves, who rates the stock a buy, isn't surprised by Rubino's move, saying that it's consistent with his career history, and doesn't think it will impact the company because Rubino didn't have an operational role and wasn't significantly involved in the pursuit of new businesses. "We also believe this change presents an opportunity for AONE to find a CFO that can better share the investor communications role with the CEO." RBC analyst Stuart Bush, who has an outperform rating on the stock, said in a report that the sudden resignation of the CFO, without the announcement of a successor, coupled with OEM customer delays and the resumption of a patent lawsuit the company spoke about during its third-quarter call would add overhang on the stock. Commenting on the third-quarter call, ThinkEquity analyst Colin Rusch, in a report, said that despite the uplifting Shanghai Automotive news, investors would likely be more fixated on management's announcement about its automotive OEM customers having to delay some car launches from the fourth quarter to 2011. "We are not surprised that supply chain issues are surfacing for new products from auto manufacturer
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