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A123 Systems won a contract worth approximately $1 billion to supply 2.6 million Li-ion batteries for 48 V systems to the SAIC-GM joint venture in China.
A123 Systems has won a CNY6.9 billion (USD1 billion) order from SAIC General Motors Corp. to supply lithium-ion batteries.
A123 has won a contract to supply batteries for SAIC-GM. The announcement was made on February 13, 2017.