A123 went bankrupt in 2012 and
. . . was acquired last year by Wanxiang Group,
. . . which agreed to pay $257 million for A123's automotive battery business and
. . . related assets in a bankruptcy auction.
A123's customers had included:
. . . . . . General Motors,
. . . . . . BMW and
. . . . . . the pre-bankruptcy Fisker Automotive.
Fisker Automotive, whose battery recall was particularly costly for A123,
. . . is also an area of focus for Wanxiang,
. . . which won a bankruptcy auction for Fisker last month for $149.2 million.
Wanxiang officially just took ownership of the old GM plant in Newport, DE,
. . . with visions of restarting production for the extended-range plug-in vehicle.
2014-04-05 Source: China: Transportation Battery Storage
. . . was acquired last year by Wanxiang Group,
. . . which agreed to pay $257 million for A123's automotive battery business and
. . . related assets in a bankruptcy auction.
A123's customers had included:
. . . . . . General Motors,
. . . . . . BMW and
. . . . . . the pre-bankruptcy Fisker Automotive.
Fisker Automotive, whose battery recall was particularly costly for A123,
. . . is also an area of focus for Wanxiang,
. . . which won a bankruptcy auction for Fisker last month for $149.2 million.
Wanxiang officially just took ownership of the old GM plant in Newport, DE,
. . . with visions of restarting production for the extended-range plug-in vehicle.
2014-04-05 Source: China: Transportation Battery Storage