Browsing the "A123 auction" Tag

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

December 10th, 2012 | by Christopher DeMorro

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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