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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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Yesterday, “technology incubator” A123 Venture Technologies announced it would collaborate with SolidEnergy, an MIT startup, on advanced batteries with up to four times lithium-ion energy densities. A123 Venture Technologies is a business arm of the revived A123 Systems LLC now owned by the Wanxiang Group and the investment in SolidEnergy’s “transformative solid electrolyte technology” is […]

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Actually, the advanced battery company that was originated in Massachusetts and acquired this year after failure and a politicized tussle over who would gain control is emphasizing its continuity, and yesterday A123 Systems LLC announced bright forward-looking statements. Following its purchase in January by the Wanxiang Group, the company has named members to its Livonia, […]

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One of Fisker Automotive’s most influential backers, Ray Lane, resigned last week from Fisker’s board of directors as investors encircle the ailing company. Lane is a Partner Emeritus at Kleiner Perkins Caufield & Byers (KPCB), the firm whose credibility and backing enabled Fisker to raise hundreds of millions of dollars in private capital. The usually […]

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As far as official info goes, it is anyone’s guess, but anonymous sources have said Henrik Fisker is working with Hong Kong billionaire Richard Li in one of two potential bids to keep Fisker Automotive’s name alive. Henrik Fisker abruptly left the company he co-founded six years ago in March this year, and Reuters says […]

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Fisker’s saga is far from over and businessmen around the world are hovering over its Karma. We heard news not long ago that Detroit-based VL Automotive, in which ex-GM executive Bob Lutz is involved, is planning on selling V8-powered Fisker-bodied vehicles. According to news agency Reuters, VL Automotive is partnering with China’s Wanxiang Group with […]

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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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Some people watching Fisker Automotive have predicted the company will not survive, especially since it was revealed it has stopped Karma production and its battery supplier filed for bankruptcy in October, but assembly is reportedly due to resume. Last week, company co-founder Henrik Fisker told reporters production will begin again “fairly soon.” He gave no […]

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In light of several setbacks, Fisker Automotive is weighing options of seeking funding from Chinese auto interests, and reportedly hasn’t assembled any of its extended-range electric Karma sedans in the past six months. According to Reuters, one of the Chinese firms is Wanxiang Group, the company that in December won an auction for bankrupt U.S. […]

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The saga of A123 Systems’ sale to Chinese Wanxiang is still making waves. The Strategic Materials Advisory Council (SMAC) unveiled on Jan. 3 a myths/facts paper on the issue. The SMAC as well as dozen of Republican and Democratic members of Congress say they are “deeply concerned by the economic and national security implications of […]

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