← Back to context

Comment by ZeroGravitas

2 days ago

See also lFP batteries from A123:

> In October 2012, A123 filed for Chapter 11 bankruptcy protection. It was thrown into a narrative of Obama-era green energy failures with defunct California solar company Solyndra that had received hundreds of millions of dollars in federal loan guarantees — a comparison to which Vieau objects because A123's technology was "proven," and it built plants and hired people with government support.

> Wanxiang Group Corp., a subsidiary of the largest auto parts supplier in China, acquired its assets for $256.6 million after it had sought to acquire 80% of A123 earlier that year