A123 Systems and Ener1 Poised to Benefit From Lithium Ion Revolution

The Bedford Report says A123 Systems (NASDAQ: AONE) and Ener1 (NASDAQ:HEV) will benefit the most from President Barack Obama’s recent pledge to have one million electrical cars on the road by 2015.

The press release is quoted as saying,

Following President Obama’s pledge of getting one million electric cars on the road by 2015, electric powered vehicle production is expected to grow significantly in the coming years. Lithium ion batteries are considered the most significant factor for the success of modern electric vehicles. Lithium ion batteries use various materials depending on the purpose, with cobalt, nickel, manganese and lithium typically being the primary elements. The Bedford Report examines the outlook for companies in the Industrial Electrical Equipment Industry and provides research reports on A123 Systems, Inc. (NASDAQ: AONE) and Ener1, Inc. (NASDAQ:HEV).

For the complete press release, click here.