A123 Systems is about to fall into Chinese hands. As largely expected, and feared by some, Wanxiang Group has successfully won the auction for bankrupt US battery supplier A123 Systems with an offer of US$256.6m. It was competing against Johnson Controls for the automotive and government assets, but the latter Subscribe to Automotive World to … Continued
A123 Systems is about to fall into Chinese hands. As largely expected, and feared by some, Wanxiang Group has successfully won the auction for bankrupt US battery supplier A123 Systems with an offer of US$256.6m. It was competing against Johnson Controls for the automotive and government assets, but the latter
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https://www.automotiveworld.com/articles/wanxiang-walks-away-with-a123/
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