A123 Systems, Inc. (
NasdaqGS: AONE) is trading up slightly at $ 1.72, up 0.04(2.38%) 1:47PM ED on over 800,000 shares. Earlier in March the Company reported that Advanced Traction Battery Systems (ATBS), A123's co-owned Shanghai-based joint venture company, has been selected to develop battery packs for a new plug-in hybrid electric (PHEV) sedan from Geely, one of the fastest-growing automakers in China and the parent company of Volvo Car Corporation.