Wanxiang Group Wins A123 Amid US Tech Transfer Concerns
Lithium – CNBC reported that China’s largest auto parts manufacturer, Wanxiang Group, obtained approval by the US government to purchase A123 Systems, a bankrupt lithium-ion battery maker.
Articles Tagged "Wanxiang Group"
Wanxiang Receives China’s Approval to Buy A123 Systems
Lithium – Reuters reported that Wanxiang Group Corp.'s plan to acquire A123 Systems Inc. (OTC Pink:AONEQ), which filed for Chapter 11 bankruptcy protection last month, has been approved by China's government. The deal must still be approved by the US government and is contingent on whether A123 receives better bids at an auction next month.
