{"id":4223,"date":"2012-12-12T13:43:44","date_gmt":"2012-12-12T17:43:44","guid":{"rendered":"http:\/\/www.calemonlaw.com\/blog\/?p=4223"},"modified":"2013-11-12T18:15:37","modified_gmt":"2013-11-12T22:15:37","slug":"bankrupt-battery-maker-a123-systems-sold","status":"publish","type":"post","link":"https:\/\/www.calemonlaw.com\/blog\/?p=4223","title":{"rendered":"Bankrupt Battery Maker A123 Systems Sold"},"content":{"rendered":"

Bankrupt American battery maker, A123 Systems, has been auctioned off to Chinese auto parts maker Wanxiang Group, for $256 million. The sale includes A123’s automotive and commercial operations including three factories in the United States.<\/p>\n

Rumors of A123’s sale<\/a> last August raised security concerns amongst government officials over foreign controlled or owned companies gaining a niche in the United States supply chain. Over the years, A123 Systems received approximately $249 million federal grants to stimulate the manufacturing of batteries and the sale of electric vehicles in the United States. The sale of the battery company is the latest in a series of take overs of North American energy and manufacturing companies by state owned and privately held Chinese firms. <\/p>\n

The sale excludes any business with the United States government and its military contracts. That portion of the company will be sold to a small energy company based in Illinois, Navitas Systems. The deal still requires the approval of a United States bankruptcy judge.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bankrupt American battery maker, A123 Systems, has been auctioned off to Chinese auto parts maker Wanxiang Group, for $256 million. The sale includes A123’s automotive and commercial operations including three factories in the United States.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[5,1636],"class_list":["post-4223","post","type-post","status-publish","format-standard","hentry","category-electric-cars","tag-auto-industry","tag-electric-cars"],"_links":{"self":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4223"}],"version-history":[{"count":2,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4223\/revisions"}],"predecessor-version":[{"id":5321,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4223\/revisions\/5321"}],"wp:attachment":[{"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.calemonlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}