Troubled US lithium ion battery producer A123 Systems has confirmed that it will be acquired by China’s Wanxiang Group, for $465m.
http://www.newenergyworldnetwork.com/investor-news/renewable-energy-news/by-technology/energy-storage/wanxiang-to-buy-a123-for-465m.html
I didn't see this one coming. I originally thought the talk of China take overs was just rumors... This lends some credibility to those that were speaking about it.
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china starting it's takeovers...
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