A123 Systems reaches agreement to sell substantially all assets to Wanxiang for $256.6M
Green Car Congress
DECEMBER 9, 2012
We believe that A123’s industry-leading technology for vehicle electrification, grid energy storage and other industries complements Wanxiang’s strong R&D and manufacturing capabilities, so we think adding A123 to our portfolio of businesses strongly aligns with our strategy of investing in the automotive and cleantech industries in the US.
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