“We are using every tool in our economic development tool box to diversify our economy and grow new jobs,” Michigan Economic Development Corporation President and CEO Greg Main said. “This project and others like it in the pipeline will help grow entire new industries in Michigan.”
Founded in 2001, A123Systems’ proprietary Nanophosphate™ technology is built on a new nanoscale materials initially developed at the Massachusetts Institute of Technology. A123Systems is now one of the world’s leading suppliers of high-power lithium ion batteries designed to deliver a new combination of power, safety and life.
The company’s breakthrough technology, innovative multinational manufacturing model and experienced executives are providing the power to change the game for today’s Transportation, Electric Vehicles, Electric Grid Services and Portable Power manufacturers.
The staff at A123Systems is made up of technology industry veterans and preeminent scientists from some of the world’s leading battery companies and research institutes. A123Systems is led by David Vieau, and was founded by Dr. Yet-Ming Chiang, Dr. Bart Riley, VP of Research and Development and Ric Fulop, VP of Business Development and Marketing.
For larger projects that require volume manufacturing, A123 Systems operates state-of-the-art manufacturing facilities in Asia which have the capacity to scale to millions of battery packs per year.
Michigan’s Renaissance Zone program is administered by the Michigan Economic Development Corporation. The MEDC, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.