PHOTO CAPTION: Illustration of A123 Systems energy storage bank.

Despite Bankruptcy, A123 Story Lives On

While the electric car battery side of the business proved to slow developing to save A123, the grid storage business appears to be where the most immediate opportunity lies.

Published: 27-Oct-2012

Bankrupt Massachusetts cleantech upstart A123 Systems still holds plenty of value for the big companies wrangling to cash in on electric cars and a more efficient energy grid.

American automotive systems giant Johnson Controls (NYSE: JCI) and Chinese manufacturer Wanxiang Group both want to get their hands on A123's car-battery manufacturing facilities, some of the few places where batteries that power electric cars and hybrids are made.

Jay Fitzgerald writes today in the Boston Business Journal (premium content):


David Vieau (right) with President Obama at White House announcement.

David Vieau sees 80% stake in A123 by Wanxiang as saving American jobs.

Lola Drayson electric LMP racer.

Drayson Racing designed its Le Mans-style electric racer around A123 System's nano-structured lithium ion chemistry.

Chevrolet Spark EV on display at 2013 NAIAS is equipped with A123 System lithium batteries.

The Committee on Foreign Investment in the United States approves auction of A123 to Chinese parts supplier, which generates $1 billion in U.S. revenues supply parts to GM and Ford Motor co.


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