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Wanxiang Group Interested in Investing in A123 Systems: Good or Bad
Monday, September 3, 2012 15:32
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Sep 3, 201 2- Wanxiang Group of China is interested in investing $450 million for 80% of A123 Systems. Is this good or bad? Back in 2009, A123 received $249 million in grants from the US government to build a battery plant in Michigan. Low sales and a battery recall have hurt A123 financially. Woops! Is this another bad investment for the Obama administration? Is this one going to be bailed out by the evil Chinese that are producing more green energy sales than the US companies? Who will get the intellectual property? The US or China? Please leave your comments here.
2012-09-03 15:29:49
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A123 has gone bankrupt. It looks like Wanxiang is going to get its big chance.