automotive batteries
A123 Systems Sale to Wanxiang Group Approved by U.S. Government
Wanxiang Group’s purchase of A123 Systems Inc. has been approved by the U.S. government, despite concerns of sensitive technology being transferred to China.
A123 Expects Wanxiang Sale to Finish by February
Bankrupt battery manufacturer A123 Systems expects its sale to Chinese firm Wangxiang to be complete in a little over a week.
