The stock bounced on reports that General Motors will start selling an all-electric Chevrolet small car for the U.S. market by 2013 and will use the A123 Systems batter systems.
General Motors (NYSE: GM ) is also up, trading at $23.50, up 1.00 (4.44%) 12:36pm.
A123 Systems, Inc. develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid services and commercial markets. Headquartered in Massachusetts and founded in 2001, A123's proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology.
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