106 Articles
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24M is an A123 spinoff with a better, cheaper battery

Goal Is $100/Kilowatt Hour By 2020

24M Techologies, guided by former A123 Systems leader, looks to cut costs, production time for lithium-ion batteries.

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Apple and A123 settle lawsuit

Apple has come to an undisclosed settlement with battery firm A123 Systems for allegedly poaching five of the company's employees. The workers were allegedly hired to work on Apple's car project.

Apple asks court to dismiss A123 lawsuit over battery hires

Apple asks the court to toss out the A123 Systems lawsuit over battery staff hires because it is too speculative to proceed.

A123 suing Apple over poaching engineers to build batteries

Battery Company Claims Ex-Workers Violating Noncompete Agreements

Battery maker A123 Systems is suing Apple for aggressively poaching key staff in violation of their nondisclosure and noncompete agreements.

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

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.

Official
A123 to collaborate with SolidEnergy on a battery to quadruple range

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 the Panasonic cells that Tesla Motors uses in the Model S. Sure, it's great for hybrids and city-car applications like the Domenick Yoney

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New CEO for A123 Systems as battery company turns more to China

A123 Systems, the lithium-ion battery maker that was acquired out of bankruptcy in January, has promoted Jason Forcier to chief executive officer and said it would attempt to build up its business by attracting more China-based customers, Reu

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Official
A123 Systems, now B456, wins court approval to exit bankruptcy

It's official: A123 Systems Inc. is passing through its final phase. The bankrupt lithium ion battery maker, now going by the name B456 Systems Inc., has won court approval for its plan to exit bankruptcy that pays off creditors from proceeds gained by selling off virtually all of its assets.

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​A123 reborn as technology incubator A123 Venture Technologies

Lithium-ion battery developer A123 Systems is re-emerging from its bankruptcy and sale to China-based Wanxiang Group as ... well, we're not sure exactly what.

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Fisker, A123 settle $140m supply claims for just $15 million

Any self-respecting dealer would refuse to sell a Fisker Karma extended-range plug-in for a mere $12,000, but Fisker Automotive may be taking that approach with former battery supplier A123 Systems by settling for about 11 cents on the dollar in a bankruptcy-court claim.

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Bankrupt A123 changes name to B456 PDQ

Ok, so we made the "PDQ" part up, but battery maker A123 Systems, Inc. has changed its name to B456 Systems, Inc. – and no, this is not an early April Fool's Day joke. As part of A123's bankruptcy proceedings dating to last October, it was required to change its name in order to be purchased by Chinese company Wanxiang. According to the Detroit Free Press, as part of a March 22, 2013 filing with the US Sec

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Bankrupt A123 Systems can ask creditors to vote on repayment plan

Details of the A123 Systems bankruptcy proceedings are getting ironed out, and have been given the green light by US Bankruptcy Judge Kevin Carey. The federal judge approved an outline of lithium ion battery maker A123's liquidation plan to be used by creditors, who will decide whether to vote for or against the repayment plan.

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A123 sale to Wanxiang Group approved by US government

Wanxiang Group's acquisition of lithium-ion battery maker A123 Systems has been approved by the US government, according to a statement from the Chinese auto parts maker. Wanxiang's US unit had agreed to pay $257 million for A123's automotive battery business and related assets in

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A123 expects Wanxiang sale to be finished by Feb. 1

The bankruptcy proceedings for A123 Systems are moving relatively smoothly toward completion, and it looks like Wanxiang America Corp. and Navitas Systems LLC should complete the transactions within the guidelines of the court-ordered asset purchase agreements by February 1, 2013.

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China's Wanxiang looking to diffuse political fears over A123 purchase

Wanxiang Group has insisted A123 Systems will remain an American company operationally following intense scrutiny from US lawmakers. China's largest parts manufacturer purchased A123 Systems at auction after the company fell into insolvency, but the battery maker holds a number of defense contracts with the US government. Pin Ni, head of Wanxiang's US operations, told Reuters

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Johnson Controls appeals Wanxiang's A123 purchase

Johnson Controls isn't taking the bankruptcy sale of A123 Systems to the Chinese company Wanxiang lying down. Wanxiang won the bankruptcy court sale for $256 million on December 11 and, today, Johnson Controls has filed an appeal against the sale because it "objects to delay in payment of break-up fee and expense reimbursement."

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