A123 sheds peripherals in preparation for Fisker revival

A123 Systems is slimlining its structure under new owner Wanxiang. In pursuit of a more profitable and efficient business, the battery specialist has agreed to sell its grid storage operations and other assets related to energy storage for telecom and IT data storage applications to former suitor NEC for US$100m. Subscribe to Automotive World to … Continued

• By Megan Lampinen
• March 26, 2014