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Remembering A123: What America Learned From the Demise of its EV Battery Pioneer
09 Jun 2023 | Abstracted from Energy Now
"Spun out of the Massachusetts Institute of Technology in 2001, A123 was the first company to commercialize lithium iron phosphate batteries, better known as LFP
"After opening a factory before sales materialized, A123 went bankrupt. Chinese parts maker Wanxiang Group scooped up its remains in 2013...[Republicans]...decried A123 as a symbol of government waste and excess spending by Democrats...
"Its fate is a lesson for U.S. investors and policy makers as America tries to reverse decades of outsourcing by building a domestic EV supply chain and wean itself off dependence on China."
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