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Few people familiar with the situation will ever forget battery maker A123′s sudden rise and even faster fall from grace. It went from from plucky, brilliant upstart to bankruptcy in only a few years. But after being purchased by a Chinese supplier conglomerate — Wanxiang Group — after emerging from bankruptcy court in 2013, A123 […]

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In addition to hopefully re-launching the Karma series hybrid, Fisker Automotive’s new owners aim to introduce a second plug-in model within the next three years. However, both Lu Guanqiu, chairman and founder of Wanxiang Group Co., which bought Fisker during a bankruptcy auction earlier this year, and Pin Ni, president of the company’s U.S. unit, […]

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A123 Systems is back into the spotlight and taking steps to focus on transportation batteries. The company announced March 24 an agreement to divest of its grid storage business and other assets related to energy storage for telecom and IT data storage applications. The company describes itself as a developer and manufacturer of advanced Nanophosphate […]

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A123 Systems, LLC announced that its businesses focused on advanced batteries for electric grid, backup power and lead-acid replacements for commercial applications will be branded A123 Energy Solutions. This will allow the company to combine the activities of several previous groups of A123 Systems under one division. This new division, headquartered in Westborough Massachusetts, will […]

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A123 Systems, Inc. announced Tuesday, Dec. 11 at 5:55 pm that it has received approval from United States Bankruptcy Court for the District of Delaware to sell substantially all of A123’s assets to Wanxiang America Corporation. The Court also granted approval for A123 to sell its government business to Navitas Systems. As previously announced, following Johnson Control’s withdrawal […]

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