Fiskers Claims Against A123 Systems Cut By 89%

Fisker Automotive made claims of $140 million against A123 Systems (now called B456 Systems. They moved onto the next letter in the alphabet and used the three numbers after 123) because of the rejection of its supply agreement and alleged breach of warranty obligations. The claims were $91.2 million for damages caused by rejection of its supply agreement, and $48.7 million for a breach of warranty obligations. But most of these claims were rejected.

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China’s Wanxiang Buys Battery Maker A123 Systems For $260 Million

Call it the worst case scenario come true. After going through a court-managed bankruptcy and auction, defunct EV battery maker A123 Systems has been (mostly) sold to Chinese auto parts maker Wanxiang group The selling price of $256.6 million was the highest bid, though the sale still has to be approved by the government.

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A123 Systems Wants To Void Fisker Contract: Fisker Says Not So Fast

The bankruptcy of American battery maker A123 Systems was another blow to President Obama’s green energy loan program. Yet as the consolidation of the battery industry continues, crucial questions are arising about the deals made between battery makers and electric car companies. While A123 wants to void a contract it made with Fisker Automotive, Fisker says that would disrupt the deployment of its plug-in hybrid Karma.

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Battery Maker A123 Systems Files For Bankruptcy

After a difficult year and much lower-than-expected sales of electric vehicles, battery maker A123 systems has filed for Chapter 11 bankruptcy protection in Delaware. The company has agreed to sell its remaining automotive assets to Johnson Controls. Let the game of political football over the $249 million green energy loan A123 received in 2010 begin.

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A123 Systems Scores Smith Commercial Fleet Deal

Earlier this week, A123 systems announced that the company had been tapped to provide high-capacity (up to 45 kWh!) li-ion

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Brammo Shatters Lap Record at the 2011 A123 Systems TTXGP

However, the 2011 season began with a whimper this past weekend at Infineon Raceway, as only 4 bikes made it to the grid. The top two bikes came from the top two electric motorcycle manufacturers- Brammo and Zero. To me, this shows the clear advantage that can be gained with actual production. Although these companies are not selling anywhere near the volume of the major OEM’s, they each have experience in building bikes that can meet consumer demands, as well as income to help support their racing efforts. This sets them far ahead of the competition, many of whom are developing all-new bikes on limited funds.

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A123 Systems Announces Distribution Partnership with Mavizen

A123 Systems has been a leading Tier 1 supplier of batteries to OEM’s such as BMW, GM, and others since 2001. Until today, their batteries were only available to manufacturers, never to individuals, small businesses, or race teams. Mavizen, a premier technology supplier to the electric motorsports industry, will now be able to sell A123 batteries to anyone who wants one. This is great news for the growing legions of electric vehicle builders, and not just TTXGP racers.

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