SAN FRANCISCO // A highly successful public share offer on a lithium-ion battery company could pave the way for further investment in green technology companies, including eco-friendly car makers.
A123 Systems Inc, a US-based lithium-ion battery company, saw its shares increase by 50 per cent on their first day of trading. A123 develops batteries for BMW, Chrysler and General Motors.
The market for lithium-ion batteries is projected to be $32 million in 2009 but is expected to jump to $22 billion in 2015, according to A123's prospectus.
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
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Director: Joyce Bernal
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3/5
(Tagalog with Eng/Ar subtitles)
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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
57%20Seconds
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A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5