A123’s grid-scale storage business lives on
A123 Systems, the bankrupt lithium-ion battery maker bought by Chinese automotive manufacturing giant Wanxiang last year, has mostly been associated with electric vehicles.
36 Results Found
Wednesday, May 8th, 2013
Tuesday, January 29th, 2013
Wanxiang wins U.S. approval to buy battery maker A123
Wanxiang Group Co., China’s biggest auto-parts maker, won approval from the Committee on Foreign Investment in the U.S. to buy most of the assets of A123 Systems Inc....
Monday, December 17th, 2012
Johnson Controls appeals Wanxang's A123 purchase
Chinese company Wanxiang won the bankruptcy court sale for $256 million on December 11 and, today, Johnson Controls has filed an appeal against the sale because it...
Friday, December 14th, 2012
Fisker pausing production until A123 sale is finalized
The pending production schedule for the Fisker Karma is pretty much at the mercy of US regulators, as the California-based maker of the extended-range plug-in won't...
Sunday, December 9th, 2012
China's Wanxiang wins auction for U.S. govt-backed A123
WILMINGTON, Del., Dec 8 (Reuters) - China's largest maker of auto parts won a politically sensitive auction for A123 Systems Inc, a bankrupt maker of batteries for...
Saturday, December 1st, 2012
Report: Fisker to delay Karma production because of A123 battery shortage
Fisker Automotive will postpone production of its Karma extended-range plug-in vehicle until the future of bankrupt battery maker A123 Systems is resolved, Bloomberg...
Wednesday, October 17th, 2012
Romney pounces as stimulus-backed A123 goes bankrupt
The Romney campaign said the bankruptcy of A123 Systems reflects Obama’s “disastrous strategy of gambling away billions of taxpayer dollars.”
A123 systems files for bankruptcy
A123 Systems has announced that it is filing for bankruptcy and is selling off its main business, making batteries for vehicles, to rival battery maker Johnson Controls in...
Friday, August 17th, 2012
A123 sets financing deal with Chinese firm
A123 Systems will receive $25 million immediately from Wanxiang, which is expected to invest a total of $465 million and take an 80 percent ownership interest.
Wednesday, August 8th, 2012
Chinese auto firm Wanxiang swoops in to rescue (& own) A123
Suffering battery maker A123 Systems has found a lifeline in Chinese auto giant Wanxiang. Wanxiang will invest up to $450 million in A123 which could see it own up to 80...
Tuesday, June 12th, 2012
A123 tries to jump-start its business with new and improved battery
A123 Systems says it has developed an improved version of its lithium-ion battery cells that could open up new applications for lithium-ion batteries and lower the cost of...
Wednesday, June 6th, 2012
Despite uncertain future, A123 plans to hire 400 new workers
A123 Systems may have expressed doubt in its ability to continue as a going concern in a recent financial filing, but that doesn't mean the company has given up.
Sunday, May 13th, 2012
A123 expects Q1 loss of $125M on revenues of $10.9M
In conjunction with a notification of late filing for its quarterly report with the Securities and Exchange Commission, Li-ion battery manufacturer A123 Systems provided...
Sunday, April 15th, 2012
A123 gets more time to use DOE grant money
This is a tough time for lithium-ion cell maker A123 Systems, but the company did get one little piece of good news yesterday. The U.S. Department of Energy has agreed to...
Friday, April 13th, 2012
GM battery lab explosion attributed to gases from A123 cells
The Detroit News quotes an unnamed source this morning as saying that the battery pack being tested that caused yesterday's explosion at GM's Warren Technical...
Wednesday, April 4th, 2012
A123’s shares plummet to new lows
A123 (Nasdaq: AONE) had a rocky 2011. 2012 is turning out to have its significant challenges, as well. In the face of recent genuinely positive design wins for the...
Monday, March 26th, 2012
Faulty battery packs will cost A123 $55 million
The bad news continues for A123 Systems. The company announced this morning that a defect in some of its battery cells could affect all of the battery packs produced by...
Friday, March 2nd, 2012
A123 announces plans to make battery packs for Tata hybrid buses
A123, the battery company that supplies lithium-ion battery packs for companies such as Fisker Automotive, BMW and General Motors, will produce battery packs for...
Wednesday, February 15th, 2012
Batteries to rival gas peaker plants by 2016, A123 CEO says
Falling prices for lithium-ion batteries will make power-storage systems competitive with natural gas as a source of electricity during periods of high demand by 2016,...
Monday, February 13th, 2012
A123 to supply six battery energy storage systems UK’s largest smart grid project
Li-ion battery manufacturer A123 Systems will supply six Grid Battery Systems (GBSs) to Northern Powergrid, an electricity distribution network operator that delivers...
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