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Boston-Power Wins First Car-Battery Deal With Beijing Automotive

Boston-Power Inc., a closely held maker of lithium-ion batteries, will provide systems to a unit of Beijing Automotive Industry Co. for an electric car that will be available in China this year.
Boston-Power expects its batteries to be in “hundreds of electric vehicles starting in 2012 and thousands of EVs by 2014,” according to an e-mailed statement from the company.
The deal with Beijing Electric Vehicle is Boston-Power’s first with a Chinese carmaker, and the company expects the automotive industry to be its most important market, according to Christina Lampe-Onnerud, its international chairman.
“Most of Boston-Power’s revenue will be in the automotive segment,” she said in a telephone interview. Westborough, Massachusetts-based Boston-Power’s batteries also can be used in laptop computers and for utility energy storage. Lampe-Onnerud expects the bulk of sales to be for vehicles.
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