SOURCE: The Bedford Report

The Bedford Report

June 16, 2011 08:16 ET

Lithium-Ion Battery Makers Battle Sizeable Competition

The Bedford Report Provides Investment Research on A123 Systems & Advanced Battery Technology

NEW YORK, NY--(Marketwire - Jun 16, 2011) - Shares of companies focused on Lithium-ion batteries are volatile this month as analyst upgrades have been partially offset by oversupply concerns. Competition is also becoming an issue 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 Advanced Battery Technologies, Inc. (NASDAQ: ABAT). Access to the full company reports can be found at:

Advanced Battery Technologies is a leading manufacturer and distributor of rechargeable polymer lithium-ion batteries. The company is also involved in the development and manufacturing of electric bikes, scooters and sports utility vehicles. Earlier this month the company said that its Chinese subsidiary, Wuxi Zhongqiang Autocycle signed a $14.7 million deal to supply electric vehicles, including motorized bicycles and scooters, to a Chinese company. The deal calls for Advanced Battery Technologies to provide 24,000 electric vehicles to Wuxi Hao Jie Vehicle Co.

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 and get exclusive access to our numerous analyst reports and industry newsletters.

A123 Systems is a developer and manufacturer of advanced Nanophosphate lithium ion batteries. The company recently announced that it entered into a production agreement with Smith Electric Vehicles to supply battery modules for Smith's portfolio of all-electric commercial vehicles. A123 says that it will begin shipping its 5-kWh automotive-class prismatic modules to Smith for integration into battery packs in the second half of 2011.

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