A123 Shares Rise 10% on Tata Motors Battery Supply News

CBS News reported that A123 Systems’ (NASDAQ:AONE) shares went up by 10% after it announced that it will supply Tata Motors (NYSE:TTM) with lithium ion battery for commercial vehicle hybrid electric systems use.

As quoted in the market news:

It’s the second big contract landed by the company in less than a year, however. In August, General Motors Co. chose A123 to produce batteries that will be used in future electric vehicles being sold in select global markets.

Click here to read the full CBS News report.