Tag Archives: Wanxiang

Wanxiang plans to invest in A123 Systems Inc, a producer of lithium-ion batteries

EVWIND Wanxiang Group Corp plans to invest up to $450 million in A123 Systems Inc, a US-based producer of lithium-ion batteries, to take advantages of opportunities in China’s booming electric battery industry. The two parties signed a non-binding memorandum of understanding that could give Wanxiang an 80 percent stake in A123, which has reported losses … Continue reading Wanxiang plans to invest in A123 Systems Inc, a producer of lithium-ion batteries

Continue reading