Lithium-Ion Battery Industry Given Big Boost By Obama?s Recent Visit

Palatine Financial reports that the recent announcement of a $303 million lithium-ion battery plant is giving not only the state of Michigan new hopes of revival, but is also set to make all lithium-ion producers very profitable in the years to come.

“The president’s initiative to make the U.S. a cleaner and greener place has really begun to show, and companies involved in the proper sectors could see stocks rise substantially, and business production soar as a result” said Palatine Financial Analyst Scott Frestic.

President Obama has claimed that the U.S. is currently producing only 2% of the world’s batteries, and that by 2015 it will be up to 40% or more. The president has stated on several occasions now that his goal “has never been to create a government program, but to unleash private sector growth and we are seeing results.”

A123 Systems one of the world’s leading suppliers of high-power lithium-ion batteries for electric vehicles based in the U.S. is very excited at the Obama administration’s continued approach towards boosting their industry and making the green initiative he campaigned on an on-going issue.

Recently the company became the first major U.S. battery manufacturer to earn TS 16949 Certification for Automobile Design and Manufacturing, demonstrating high quality global production capabilities. The recent award coupled with the presidents promises will continue to help the company excel and prosper moving into years ahead.

“AONE has seen its ups and downs over the past month but with renewed confidence in the sector provided by the president, and a industry that has just begun to get on its feet and walk, we expect companies like A123, who have shown they are a global competitor, to begin to see bullish share prices moving forward” said Theo Dabinsky, Chief U.S. Economist at Palatine Financial.