SOURCE: The Bedford Report

The Bedford Report

July 27, 2011 08:16 ET

A123 Systems and Ener1 Turn to Asia for Revenue Growth

The Bedford Report Provides Equity Research on A123 Systems & Ener1

NEW YORK, NY--(Marketwire - Jul 27, 2011) - Electric vehicle production is expected to surge in the coming years with lithium-ion batteries considered the most significant factor for the success of modern fuel efficient cars. Competition is growing in the once small sector, as large companies step into the market and start using their large production capacities to roll out less expensive batteries and force the sector to compete on price. The Bedford Report examines the outlook for companies in the Industrial Electrical Equipment Industry and provides equity research on A123 Systems, Inc. (NASDAQ: AONE) and Ener1, Inc. (NASDAQ: HEV). Access to the full company reports can be found at:

www.bedfordreport.com/AONE

www.bedfordreport.com/HEV

Presently there is significant global investment into lithium ion battery technology, including $5 billion from the US Department of Energy, and China aiming to invest $15 billion, analysts at Lux Research report. In addition South Korea recently unveiled its Battery 2020 Project, which aims to invest $12 billion in battery technologies with the objective in becoming the global leader in advanced battery technology and manufacturing.

The Bedford Report releases stock research on the Industrial Electrical Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Yesterday A123 Systems announced that it will supply an energy storage system attached to a wind turbine in a test that could lead to further grid business in China. A123 Systems will supply a 500kW advanced energy storage solution to Dongfang Electric Corporation (DEC), the third largest manufacturer of wind turbines in the People's Republic of China and the country's largest exporter of power equipment.

Earlier this month Ener1 and Wanxiang Electric Vehicle Co., a division of the Chinese conglomerate Wanxiang Group Corporation, announced that they have received approval from the Chinese government for their joint venture to co-manufacture lithium-ion energy storage systems for the China market.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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