A123 Systems has announced that it has signed a non-binding memorandum of understanding (MOU) with China's Wanxiang Group Corporation, establishing the framework for a strategic investment through which Wanxiang would invest up to US$450m in the US battery supplier. Wanxiang's proposed investment is intended to create the capital structure necessary for Subscribe to Automotive World … Continued
A123 Systems has announced that it has signed a non-binding memorandum of understanding (MOU) with China's Wanxiang Group Corporation, establishing the framework for a strategic investment through which Wanxiang would invest up to US$450m in the US battery supplier.
Wanxiang's proposed investment is intended to create the capital structure necessary for
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https://www.automotiveworld.com/articles/95322-us-china-wanxiang-set-to-invest-in-a123-systems/
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