The Chinese middle class has proved to be an alternative growth engine for Western companies, especially when their home markets stagnate during the recession.
China's longer-term opportunity is to build an auto industry based not on the gasoline engine but on alternative fuels, skipping a generation of technology as it has done in areas such as telecoms.
While Apple has said it would not develop its own search engine, having an alternative to Google that is not a Microsoft product and could be used on its iOS devices and Mac products could be a nice substitute.
This would eliminate what has historically been the only performance advantage of lead acid in starter battery applications, and is expected to considerably increase the value proposition of A123's Engine Start battery as a lighter-weight, longer-lasting alternative to absorbent glass mat (AGM) and other lead acid batteries.