Automakers award $15M contract for lithium iron phosphate battery

Dec 11, 2006 | 11:10 AM | Philip Burgert

A consortium of the Big Three automakers has issued a $15-million technology development contract for a lithium iron phosphate battery to A123Systems, a Watertown, Mass.,-based nanoscale electrode technology company.

The United States Advanced Battery Consortium (USABC)—which includes DaimlerChrysler Corp., Auburn Hills, Mich.; Ford Motor Co., Dearborn, Mich.; and General Motors Corp., Detroit—awarded the 36-month contract in collaboration with the....

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