A123 Systems recharges battery business with $450m Chinese investment

James S Murray
clock •

US lithium-ion battery specialist confirms plans for Chinese auto giant Wanxiang Group to invest $450m in the company

Lithium-ion battery manufacturer A123 Systems has this week announced it has reached an agreement that will see Chinese auto giant Wanxiang Group Corporation invest up to $450m in the financially troubled...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James S Murray
Author spotlight

James S Murray

View profile
More from James S Murray

'Adaptation is a must': 2024 confirmed as Europe's hottest year on record

'Joined-up approach': Energy Saving Trust urges government to deliver ambitious Warm Homes Plan

More on Investment

Net Zero Banking Alliance: Triodos Bank exits group in protest at weakening of 1.5C guidelines
Investment

Net Zero Banking Alliance: Triodos Bank exits group in protest at weakening of 1.5C guidelines

Ethical bank slams NZBA's decision to offer members more leeway in how they meet climate goals

Michael Holder
Michael Holder
clock 15 April 2025 • 6 min read
Net Zero Banking Alliance votes 'overwhelmingly' to loosen requirements for meeting climate goals
Investment

Net Zero Banking Alliance votes 'overwhelmingly' to loosen requirements for meeting climate goals

Decision to 'water down' standards at 120-strong global banking group criticised as short-sighted by campaigners

Michael Holder
Michael Holder
clock 15 April 2025 • 5 min read
Pension pool Border to Coast to invest £40m in UK clean energy projects
Investment

Pension pool Border to Coast to invest £40m in UK clean energy projects

Projects expected to receive support from the allocation include solar, battery storage and electric vehicle charging

Holly Roach, Professional Pensions
clock 09 April 2025 • 1 min read