Despite Bankruptcy, A123 Story Lives On
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):
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