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6 Companies Building the Car of the Future

A look at who's behind the tech in the cabin and under the hood

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A123 Systems

a123 systems aoneThe car of the future most likely will run either partially or completely on electric power, and supplying that power is the province of A123 Systems (NASDAQ:AONE). In August, GM chose A123 to produce batteries that will be used in future electric vehicles being sold in select global markets. More recently, A123 entered into a deal with Indian automaker Tata Motors (NYSE:TTM) to make lithium ion battery packs for use in commercial vehicle hybrid electric systems.

The company has had contracting revenues of late, thanks to a delay in orders from luxury electric vehicle maker Fisker Automotive. But this probably is just a speed bump on the road for A123, as more and more hybrid vehicles will be produced in the years to come — and that undoubtedly will allow A123 to power up both revenue and earnings.

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