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A123 has $144 million in debt and missed a $2.7 million interest payment on Oct. 15.. In 2009, A123 received $249 million in federal funding for advanced battery technology manufacturing at two ...
In particular, he says, A123’s battery lacks a low cost per kilowatt-hour of energy storage. A123 may yet survive. To hedge its bets, A123 is drumming up business in other markets.
Not long ago, A123 Systems Inc. was seen as a rising technology company that was going to help revolutionize the auto industry and put thousands of Americans into battery-powered cars.
It’s not April Fool’s Day, but A123 Systems has a sense of humor. They changed their name to B456. A B456 is a fire extinguisher. I noticed the article, “After sale to Chinese firm, bankrupt ...
After a long and bumpy road, battery-producer A123 Systems has officially filed for bankruptcy. This news comes immediately after word that the Waltham, Massachusetts-based company may not have ...
A123 Systems, a lithium-ion battery maker that has received hundreds of millions in government support, filed for bankruptcy protection today. The move makes A123 the latest government-backed ...
A123 Systems, a lithium-ion battery maker for electric cars and other business sectors, is suing Apple Inc.AAPL-1.38%decrease; red down pointing triangle for what it alleges is an “aggressive ...
DETROIT (AP) -- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The filing drew criticism from ...
WALTHEM, MASS. -- A123 Systems Inc., a manufacturer of lithium-ion batteries for electric vehicles, disclosed that it made a breakthrough in battery chemistry that will allow its cells to be used ...
A123 makes a pretty good lithium battery that has a high-cycle life and can put out loads of power. What it's not so good at, however, is holding a lot of energy. At least, not when compared to ...
A123 Systems LLC plans to double the manufacturing capacity at its three lithium-ion battery plants in a $200 million investment. The company said today it will increase capacity to 1.5 gigawatt ...