A123 confirms Wanxiang wins bid for bankrupt battery maker

A123 assets go to Chinese firm for $256.6 million
Boston.com
A123 Systems Inc., the Waltham battery maker, said Sunday that it plans to sell nearly all its assets to the North American arm of China's largest auto parts manufacturer for $256.6 million, pending approval by US Bankruptcy Court and the federal ...

A123 confirms Wanxiang wins bid for bankrupt battery maker
Reuters
NEW YORK (Reuters) - China's largest maker of auto parts won an auction for A123 Systems Inc (AONEQ.PK), a bankrupt maker of batteries for electric cars that was funded partly with U.S.

Waltham, Mass.-based A123 Systems won a $249.1 million federal grant



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