Car Battery Market Gets a Boost
Shares of A123 Systems, one of just a handful of U.S.-based makers of batteries for electric cars, debuted sharply higher from its offering price Thursday as investors cheered the closely-watched firm. The firm is one of just a few American companies that are competing with much larger Asian rivals for the potentially lucrative hybrid and plug-in electric car battery market. As the battery is the most expensive component in an electric car, the thinking goes that whoever controls the battery market may ultimately control the auto industry.
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