A123 Systems fka AONEQ

[Tommy105]

In recent weeks, both A123 Systems Inc. (AONE) and Ener1Inc (HEVVQ.PK), two of Balqon's biggest competitors as the foremost leaders in battery storage technology, have had setbacks and been forced into deals with savvy investors eager to enter into the energy storage market. Chinese auto supplier Wanxiang group has taken a controlling interest in A123, while Russian investor Boris Zingarevich emerged as a lifeline to Ener1Inc. Both investors obviously making a bet on the expanding market place for lithium batteries and both agree that the timing is now.