Blog Archives

A123 Systems says it was the other A123 that changed its name to B456 Systems

The perfect April Fools prank would have been for A123 Systems to put out a fake press release saying the company had changed its name to B456 Systems. On Thursday, March 28, not April 1, an SEC filing from… Green Transportation News

A123 Systems LLC is the new A123 Systems after Wanxiang America buyout

The Chinese buyout of A123 Systems has finished as Wanxiang America takes ownership and announces the future directions and goals for its new lithium-ion battery design and manufacturing subsidiary. Pinboard (MacAaron)

Fisker urgently seeking partners as Wanxiang scoops up A123, Fiskers battery supplier

Fisker Automotive’s Karma production, frozen for six months due to A123′s bankruptcy, has left the company in a lurch with no revenues and urgently seeking partners to rescue the company. Pinboard (MacAaron)

Strategic Materials Advisory Council opposes A123 Systems sale to Wanxiang America

A coalition of former U.S. Government leaders and industry experts is opposing the bankruptcy sale of A123 Systems to Chinese autoparts maker Wanxiang Group on national security grounds. Pinboard (MacAaron)

A123 Systems sells itself to American arm of Wanxiang Group for $256.6 million

A123 Systems’ existence as an innovative American company ended with a bargain sale to the American subsidiary of Chinese autoparts maker, the Wanxiang Group. Pinboard (MacAaron)