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A123 says goodbye to grid storage batteries, focuses again on electric vehicles

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Lithium-ion battery maker A123 Systems is officially unplugging from the grid. The company, which was acquired by Wanxiang Group last year, is selling its grid-storage business to Japan-based NEC Corp. The company’s Massachusetts and Missouri facilities are going along with it.

A123, whose production and engineering operations are now in Hangzhou, China, is instead making a big bet on micro-hybrids and will focus its efforts on making and marketing 12-volt batteries for three unnamed automakers. The company is also expanding its production and selling of cell products for industrial and commercial uses and wants to make batteries for hybrid, plug-in hybrid and pure EVs from whatever automakers will have it.

A123 went bankrupt in 2012 and was acquired last year by Wanxiang Group, which agreed to pay $257 million for A123’s automotive battery business and related assets in a bankruptcy auction. A123’s customers had included General Motors, BMW and the pre-bankruptcy Fisker Automotive. The latter company, whose battery recall was particularly costly for A123, is also an area of focus for Wanxiang, which won a bankruptcy auction for Fisker last month for $149.2 million. Wanxiang officially just took ownership of the old GM plant in Newport, DE, with visions of restarting production for the extended-range plug-in vehicle. You can check out A123’s press release about its grid-division divestment below.

Continue reading A123 says goodbye to grid storage batteries, focuses again on electric vehicles

A123 says goodbye to grid storage batteries, focuses again on electric vehicles originally appeared on AutoblogGreen on Thu, 27 Mar 2014 10:15:00 EST. Please see our terms for use of feeds.

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