Yet-ming chiang companies

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  • A Systems

    Electrochemical battery company

    A Systems, LLC, a subsidiary of the Chinese Wanxiang Group Holdings, is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems.

    The company was founded in by Yet-Ming Chiang, Bart Riley, and Ric Fulop.

    By , it had about 2, employees globally and was headquartered in Waltham, Massachusetts.[2] Its original product technology was based upon materials initially developed at the Massachusetts Institute of Technology.

    History

    In November , the company announced a new, faster-recharging lithium-ion battery system[3] based on doped nanophosphate materials licensed from the Massachusetts Institute of Technology.

    In December , the United States Advanced Battery Consortium (USABC) in collaboration with the U.S. Department of Energy (DOE) awarded the company a US$15 million development contract to optimize A Systems' proprietary doped nano-phosphate battery technology for hybrid electric vehicle applications with a focus on power, abuse tolerance, durability and cost.[citation needed] USABC is an organization composed of Chrysler LLC, Ford Motor Company, and General Motors Corporation.[4]

    BAE Systems announced that, from , it would offer A Systems' lithium-ion battery technology as part of its HybriDrive Propulsion System used in the version of the DaimlerOrion VIIhybrid electric buses.

    As of September 7, , more than 3, of the buses were in service.[5]

    In May , the United States Advanced Battery Consortium (USABC) in collaboration with the U.S. Department of Energy (DOE) awarded the company a US$ million grant to develop its lithium-ion battery technology for plug-in hybrid electric vehicles.[6]

    On March 5, , General Electric, the company, and Think Global announced that the three firms had entered a partnership to enable global electrification of transportation.[citation needed] GE invested US$20 million in the company to help it roll out batteries for Think.[citation needed] The company and Think at the same time signed a commercial supply agreement.

    The partnership was announced at the 78th annual international Motor Show in Geneva.[7] After over $10 million in investment in the Think Global Think City, A ceased production of its L20 battery pack for Think after a single day of production in December,

    In January , A systems applied to the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program (ATVMLP) for US$ billion in direct loans to support the construction of new lithium-ion battery manufacturing facilities in the United States, locating the first plant in southeast Michigan near Detroit.[8] The application was still pending as of early , the company estimated that it might be allowed to borrow up to US$ million from the program.[9]

    In April , Chrysler Corp.

    announced a contract with A to supply batteries for their ENVI EV vehicles.[10]

    In August , the company received a US$ million grant from the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program (ATVMLP) to build production facilities in Romulus and Livonia, Mich.[11] after it received a US$ million in tax credits and incentives from the Michigan Economic Development Corporation in spring and a US$10 million grant from the state in fall [12]

    In September , the company raised US$ million after going public on the NASDAQ stock exchange.[13]

    In , the company was included on the Guardian's "Global Cleantech " list.[2] Later, A was selected to Technology Review Magazine's list of the 50 Most Innovative Companies [14]

    Chrysler's ENVI division was disbanded by Nov [15]

    In December , the company formed a joint venture with Shanghai Automotive Industry Corporation (SAIC), the largest automaker in China.

    This was the first joint venture between a Chinese automaker and a non-Chinese battery supplier.

    Yet-ming chiang group Yet-Ming Chiang has founded six companies, including three battery startups. That in and of itself would be a rare feat for any entrepreneur, but Chiang has done it while keeping his day job as a material-sciences professor at the Massachusetts Institute of Technology MIT in Cambridge, Massachusetts. He studied there and then became a professor there. In the battery space, Chiang founded A in with the goal of making lithium-ion batteries for electric cars. Then in , he founded 24M , which aimed to redevelop the manufacturing process of lithium-ion batteries and make it cheaper.

    The new venture is called Advanced Traction Battery Systems (ATBS).[16]

    In August , A's co-founder Professor Yet-Ming Chiang spun off a new company from A named 24M Technologies, which makes technology that combines concepts in current lithium-ion batteries with flow batteries, where tanks of liquid electrolytes combine to create an electric current.[17]

    In , A received a US$ million grant from the U.S.

    Department of Energy for building battery production facilities. Approximately $ million of the grant was used to build a MWh battery plant in Livonia and another in Romulus.[18] An untapped $ million grant was abandoned by A by May [19]

    From its founding in through A raised over $1B in private equity, public finance and government funding.

    In September , the company opened the largest lithium-ion battery manufacturing facility in North America in Livonia, Michigan. When fully operational, the factory is expected to be capable of producing battery packs for the equivalent of up to 30, electric cars per year.[20]

    In March , the company received its third contract from the United States Advanced Battery Consortium (USABC) in collaboration with the U.S.

    Department of Energy (DOE): a US$8 million advanced battery development contract to continue developing its Nanophosphate lithium ion battery systems to meet USABC's target application for a Power-Assist Hybrid Electric Vehicle (PAHEV) Low-Energy Energy Storage System (LEESS).[21]

    The company laid off workers in December as forecasted demand for its batteries did not materialize.

    The company had 60 customers with a combined projected demand for the equivalent of , plug in hybrid battery packs and factory capacity for up to 30, such packs and facilities capable of expansion to meet the demand. Fisker projected 15, unit demand in its first production year but only ordered GM, SAIC, and BMW all fell significantly below projected demand as the EV market developed much slower than anticipated.

    Simultaneously the US government pulled back on loans to developing clients forcing a series of bankruptcies in the emerging marketplace.

    Yet-ming chiang cement: A Systems, LLC, a subsidiary of the Chinese Wanxiang Group Holdings, is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems. The company was founded in by Yet-Ming Chiang, Bart Riley, and Ric Fulop.

    Fisker, A's top client, had its Government loan pulled and it received only $M of the originally committed $M loan. A had to issue a battery recall for all batteries in a car developed by Fisker.[22] A Systems had more than employees as of December [23]

    Investments

    In the company invested in Fisker Automotive's Karma with Ace Investments and Kleiner, Perkins, Caufield & Byers.[24]

    The company formed a joint venture with SAIC Motor to manufacture its batteries in China in early [25]

    In February , A announced an investment in Ionic Materials' solid-state battery technology.

    Ionic is developing a unique polymer electrolyte that claims new levels of safety and performance in advanced batteries.[26]

    Product recall

    In early , the company announced the replacement of defective battery packs and modules supplied to about five customers, including Fisker Automotive.

    The defect caused a Fisker Karma to shut down in a Consumer Reports test. It estimated the recall would cost about US$55 million.[citation needed] Fisker reduced its purchase order of battery from the company to lower its inventory. Cylindrical cells made in China that are used by BMW and others were declared as not affected.[9]

    Wanxiang acquisition and bankruptcy

    In August , Chinese automotive components manufacturer Wanxiang Group agreed to invest up to $ million to acquire as much as 80% of A Systems;[27] but the acquisition was not completed before A filed for bankruptcy.

    In early October , the A Systems' stock was trading for 27 cents per share, down from a week high of $ per share about a year beforehand.[28]

    On October 16, , A filed for bankruptcy protection under Chapter On January 28, , Wanxiang America purchased the preponderance of A's assets out of bankruptcy for $M and organized ASystems, LLC.[18][29]

    An earlier statement, released by A Systems in early October, said that it had entered an asset purchase agreement with Johnson Controls, with the stipulation that the company's bid must be approved by a US bankruptcy court and could be topped by a rival bidder.[30] Johnson did not win the bankruptcy auction and withdrew its bid in early December.[23]

    On October 16, , A filed for bankruptcy protection under Chapter The filing listed assets of $ million and liabilities of $ million.[31][32] The company also stated that its automotive assets would be purchased by Johnson Controls, a supplier to A, for $ million.[33] On January 28, , Wanxiang America purchased the preponderance of A's assets out of bankruptcy for $M and created ASystems, LLC.[18][29] The government business was sold to US firm Navitas Systems for $m.[34]

    Lithium Werks sale

    In March , the US battery manufacturer Lithium Werks announced it took over the Chinese factory of A Systems in Changzhou, plus the workforce and clients base in China, Europe and the United States.

    After the merger the Texas-based company owns factories in China and offices in the US, the Netherlands, Northern Ireland, the UK and Norway.[35] Lithiumwerks continued the production of the 'nanophosphate' battery range, renaming the cells from 'A' to 'Lithiumwerks' by the end of [36]

    Following the sale of their factory, A said it wanted to concentrate on the automobile market.[35]

    Products

    Transportation

    Passenger vehicles
    Commercial truck, bus, and off-highway
    Racing
    • McLaren Mercedes Formula 1 KERS race car[45]
    • Killacycle, formerly the world's quickest electric vehicle, capable of accelerating from 0– kilometres per hour (0–62&#;mph) in less than 1 second.[46]
    • Ohio State University's Buckeye Bullet, an electric landspeed racer powered by A's batteries, broke the international electric vehicle speed record in August , reaching m.p.h.[47]
    • In May , A signed an agreement with Mavizen, a leader in electric motorcycle racing technology, by which Mavizen will make A's battery technology available for TTXGP racing and other two-wheel motorsports.[48]
    • An ultra-light electric vehicle powered by A Li-PO4 batteries, Brigham Young University's Electric Blue Streamliner set a land speed record for the 'E1' vehicle class (cars less than 1, lb), averaging m.p.h.

      in two runs in September [49]

    Electric grid

    • In November , A entered into the electric grid market by delivering its first battery energy storage system to AES Corporation for use at several AES substations in Southern California.[50]
    • In November , A announced the commercial operation of a 12MW operating reserve project at the AES Gener Los Andes substation in the Atacama Desert in Chile.[51]
    • In December , AES Corporation secured a loan from the United States Department of Energy to fund a 20MW frequency regulation energy storage system using A's battery technology at the AES Westover power plant in Johnson City, New York.[52]
    • In February , A announced its second project in Chile with AES Gener—a 20MW operating reserve energy storage system to be installed at a new MW power plant in Northern Chile called Angamos.[53]
    • In July , A announced a contract to supply a &#;kW advanced energy storage system to Dongfang Electric, the third largest manufacturer of wind turbines in China and the country's largest exporter of power equipment, as a demonstration project to help evaluate how advanced energy storage can address the challenges associated with the rapid growth of wind power in China, where only about 72% of the country's wind turbines are connected to the power grid, according to the China Power Union.[54][55]
    • In October , AES Corporation unveiled a 32&#;MW energy storage systems featuring A's battery technology at the Laurel Mountain Wind Farm in West Virginia to be used for renewable integration and frequency regulation.

      As of its commissioning date it was the largest lithium-ion battery energy storage system of its kind then in operation.[56] This site was successfully commissioned in December

    • In March , Japan's NEC announced its purchase of A's grid energy storage business for $ million.[57]

    Small applications

    Black & Decker and DeWalt power tool lines were early adopters of A cells.[citation needed]

    Cells

    A had LiFePO4 Cells in the form , and Pouch Cells with 14 and 20&#;Ah.

    The company EVLithium reports that A has additional Pouch cells: A 38AH NMC Lithium ion Pouch Battery and A LiFePO4 Battery 50AH[58][jargon]

    See also

    References

    1. ^"A Locations | A Systems". A Systems.

      Archived from the original on

    2. ^ abGlobal Cleantech The Guardian, September 8,
    3. ^"EV World "ASystems Introduces New Generation Lithium-Ion Battery"". Archived from the original on March 8, Retrieved April 1,
    4. ^"USABC Awards $15 Million Battery Technology Development Contract to ASystems".

      Archived from the original on February 9, Retrieved December 8,

    5. ^"3, Hybrid Buses: Daimler Buses North America Reaches Sales Milestone" (Press release). Oriskany, New York and Mississauga, Ontario: Daimler Buses North America.

      Yet ming chiang a123 battery A new startup company will attempt to solve the biggest roadblock facing electric vehicles today—the cost of their batteries. The new company, called 24M, has been spun out of the advanced battery company A Systems. It will develop a novel type of battery based on research conducted by Yet-Ming Chiang , a professor of materials science at MIT and founder of A Systems. He says the battery design has the potential to cut those costs by 85 percent. Cutting this figure could make electric vehicles competitive with gasoline-fueled cars.

      September 2, Retrieved September 12,

    6. ^"USABC AWARDS $ MILLION BATTERY TECHNOLOGY DEVELOPMENT CONTRACT TO ASYSTEMS". Archived from the original on May 11, Retrieved May 5,
    7. ^A Systems press releaseArchived June 9, , at the Wayback Machine
    8. ^"Renewable Energy News, Jobs, Events, Companies, and more".

      Renewable Energy World. Retrieved April 1,

    9. ^ abCraig Trudell and Alan Ohnsman (March 26, ). "A Replacing Batteries That Led to Fisker Karma Shutdown". BusinessWeek. Archived from the original on April 30,
    10. ^Jeremy Korzeniewski (6 April ).

      "Chrysler to use A cells in its electric vehicles". Retrieved April 1,

    11. ^"President Obama Announces $ Billion in Grants to Accelerate the Manufacturing and Deployment of the Next Generation of U.S. Batteries and Electric Vehicles". . August 5, Retrieved August 5, &#; via National Archives.
    12. ^Nathan Bomey (Dec 2, ).

      "Analysis: A Systems layoffs highlight challenges for Michigan's budding battery industry". Ann

    13. ^Hargreaves, Steve (September 24, ). "AONE IPO charges car battery market". CNN.
    14. ^"The 50 Most Innovative Companies ". Technology Review. Retrieved October 16,
    15. ^Kevin Krolicki (Nov 6, ).

      "Chrysler dismantles electric car plans under Fiat". Reuters.

    16. ^Gupta, Poornima (December 18, ). "A Systems, SAIC to set up China car battery JV". Reuters. Retrieved December 17,
    17. ^LaMonica, Martin.

    18. "A spinoff 24M funded for novel energy storage". Cnet. Archived from the original on August 24, Retrieved August 15,

    19. ^ abcVlasic, Bill (May 14, ). "Chinese Creating New Auto Niche Within Detroit". New York Times. p.&#;A1.
    20. ^"A First Quarter Earnings"(PDF).

      A Systems. May 15,

    21. ^"U.S. Li-ion battery production ramping up". Automotive Engineering International. Archived from the original on May 14, Retrieved September 16,
    22. ^"USABC AWARDS $8 MILLION ADVANCED BATTERY TECHNOLOGY CONTRACT TO A SYSTEMS". Archived from the original on April 30, Retrieved March 23,
    23. ^Nathan Bomey (Nov 26, ).

      Chiang was elected a member of the National Academy of Engineering in for contributions to the understanding of new energy storage materials and their commercialization. Chiang was born in Taiwan , in , and emigrated to the United States in Chiang has founded or provides expert consultation to a number of companies in the materials and energy storage spaces, including:. This article about a United States engineer, inventor or industrial designer is a stub. You can help Wikipedia by expanding it.

      "A Systems lays off workers at Michigan battery plants". Ann

    24. ^ ab"China's Wanxiang wins auction for A". CNN Money. 10 December Retrieved 31 January
    25. ^"$ million private funding hastens Fisker Karma's development".

      January 18, Archived from the original on August 8, Retrieved September 12,

    26. ^Abuelsamid, Sam (December 21, ). "A Systems and Shanghai Automotive form battery JV". Retrieved September 12,
    27. ^Spagnuolo, Paulette (13 February ). "A Systems Invests in Ionic Materials for Solid-State Battery Development".

      Nasdaq Global Newswire. Retrieved 28 February

    28. ^"A Systems and Wanxiang Group Corporation Execute Definitive Agreements for Wanxiang's Strategic Investment in A". August 16, Archived from the original on October 18, Retrieved October 17,
    29. ^Bomey, Nathan (October 7, ).

      "Chinese firm positioned to acquire U.S.-funded battery maker A Systems". Detroit Free Press. Retrieved

    30. ^ abLoveday, Eric (January 31, ). "Wanxiang Gets Final Approval to Buy A Systems". Reuters. Archived from the original on January 31, Retrieved February 8,
    31. ^Grevatt, Jon ().

      "Wanxiang looks to courts over A Systems acquisitions". Jane's Defence Weekly.

    32. ^"Battery maker A Systems files for bankruptcy". Reuters. October 16, Archived from the original on October 19, Retrieved
    33. ^Aaron Smith, and Emily Fox (October 16, ). "Car battery maker A files for bankruptcy".

      CNN. Retrieved October 16,

    34. ^Hyde, Justin (October 16, ). "Battery builder A Systems that won $ million federal grant files for bankruptcy". Yahoo Motormatic. Retrieved October 16,
    35. ^"China's Wanxiang wins approval to buy US battery maker".

      BBC. Jan 30,

    36. ^ ab: A sells off battery factory to Lithium Werks, March 29, , retrieved February 23,
    37. ^"Lithium Werks (Former A systems) ANRM1-B mAh - 50A LifePo4 - V - - LiFePO4 - Rechargeable batteries &#; NKON".
    38. ^Umali, Claire M.

      (April 29, ). "In Tokyo, taxis are going electric too". Retrieved 12 September [dead link&#;]

    39. ^Motavalli, Jim (November 9, ). "A Batteries Slated for Chinese Electric Car". The New York Times "Wheels" blog. The New York Times Company.
    40. ^Jonathan Schultz ().

      "Chevrolet to Sell Purely Electric Spark Hatchback in U.S."The New York Times. Retrieved October 12,

    41. ^"Chevrolet to produce Spark battery electric vehicle for US and global markets starting in with A Systems pack; EN-V gets a Chevrolet badge". Green Car Congress. October 12, Retrieved October 12,
    42. ^"volt battery gets a makeover as automakers shift to more electric parts".

      Automotive News. 9 May Retrieved May 10,

    43. ^"R&D Magazine R&D Winners". Retrieved June 22,
    44. ^"A Systems to supply battery modules to Smith Electric Vehicles for electric trucks". Green Car Congress.
    45. ^"ALTe SIGNS LONG-TERM SUPPLY AGREEMENT WITH A SYSTEMS FOR ADVANCED LITHIUM ION BATTERY PACKS".
    46. ^"McLaren Snags First F1 KERS Win; Custom ASystems Cells with More Than 20, W/kg".

      A Systems, LLC , a subsidiary of the Chinese Wanxiang Group Holdings, is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems. By , it had about 2, employees globally and was headquartered in Waltham, Massachusetts. In November , the company announced a new, faster-recharging lithium-ion battery system [ 3 ] based on doped nanophosphate materials licensed from the Massachusetts Institute of Technology. As of September 7, , more than 3, of the buses were in service. On March 5, , General Electric , the company, and Think Global announced that the three firms had entered a partnership to enable global electrification of transportation.

      Retrieved July 27,

    47. ^"The KillaCycle – New World Motorcycle Speed Record". Retrieved 12 September
    48. ^"Ohio State's Buckeye Bullet Smashes World Record For Fastest Electric Car". 27 August
    49. ^"Mavizen is proud to announce a supply and distribution agreement with A Systems by which Mavizen will offer A's advanced Nanophosphate lithium ion battery technology for two-wheeled high-performance motorsports applications".

      . Archived from the original on October 9, Retrieved May 1,

    50. ^"Electric Car Breaks MPH, Sets New World Land Speed Record". HuffPost. 19 September
    51. ^"A Systems Gets on the Grid". . GigaOM. Retrieved November 21,
    52. ^"AES Installs A Energy Storage System in Chile".

      . Archived from the original on December 31, Retrieved November 11,

    53. ^"AES Completes $17M DoE Loan on Energy Storage Project". Energy Storage Trends. 24 December Retrieved December 24,
    54. ^"A supplies giant battery for 'hybrid power plant'".

      . Retrieved February 7,

    55. ^Fehrenbacher, Katie (July 26, ). "A Systems Hooks Into China's Grid". The New York Times Company. Retrieved July 26,
    56. ^"China's wind power has faulty connection". Asia Times. Archived from the original on October 8, Retrieved June 16,
    57. ^Wang, Ucilia (October 27, ).

      "The World's Largest Lithium-Ion Battery Farm Comes Online". Forbes. Retrieved October 27,

    58. ^St. John, Jeff (March 24, ). "NEC Buys A Energy Storage Biz From Wanxiang". Greentech Media. Retrieved February 28,
    59. ^"A Battery". Evlithium. Retrieved August 2,

    External links