a123 Archives – The Green Optimistic

Chinese Battery Company Wanxiang Could Acquire A123 Systems

Benji Jerew — Mon, 10 Dec 2012 17:48:09 +0000

In our ongoing coverage of the fall of the advanced rechargeable battery company, A123 Systems, we’ve seen A123’s slow decline and finally, bankruptcy proceedings. One version of their latest battery technology was supposed to go into the new Chevy Spark EV, as well as another iteration in Fisker’s next model. Unfortunately, the market for electric […]

The post Chinese Battery Company Wanxiang Could Acquire A123 Systems appeared first on The Green Optimistic.

Fisker Automotive Seeks to Delay A123’s Bankruptcy Proceedings

Benji Jerew — Mon, 29 Oct 2012 05:40:58 +0000

Electrified vehicles, including variations of electric vehicles [EV] and hybrid electric vehicles [HEV], all have two things in common, an electric motor and a rechargeable battery. Unfortunately, the demand for EVs just isn’t as strong as anyone was expecting, or at least hoping. Battery companies, such as A123 Systems, have been working on “the next […]

The post Fisker Automotive Seeks to Delay A123’s Bankruptcy Proceedings appeared first on The Green Optimistic.

Premium EV Battery Maker A123 Systems Files for Bankruptcy

Benji Jerew — Wed, 17 Oct 2012 13:02:32 +0000

In a press release yesterday, A123 Systems, an advanced lithium-ion [Li-ion] electric vehicle [EV] battery manufacturer, announced what investors and owners feared and expected, bankruptcy. Since its IPO in 2009, A123 Systems initially attracted a lot of investors to its new, high-energy battery technology, driving the stock price up to a high of $25.77 per […]

The post Premium EV Battery Maker A123 Systems Files for Bankruptcy appeared first on The Green Optimistic.

EV Battery Maker A123 Dropping Fast, Funding Needed

Guest Contributor — Fri, 18 May 2012 12:37:55 +0000

There are sharp declines in the financial position of lithium-ion battery manufacturer A123 Systems, fanning in a lot of heat on this 10-year-old company founded and based on technology developed at MIT. To have a more clear picture of how terrible the situation is A123 just posted a $125 million net loss in its most […]

The post EV Battery Maker A123 Dropping Fast, Funding Needed appeared first on The Green Optimistic.

U.S. EV Battery Maker A123’s Shares Drop to 82 Cents After Defect Scandal

Ovidiu Sandru — Thu, 05 Apr 2012 08:46:11 +0000

A123, the famous U.S.-based electric car battery maker has big problems. Yesterday, their shares closed at 82 cents, after news spread out on March 26 revealed they had issues with some of the batteries that had delivered and that they are going to replace them. That meant a 49.7% drop since the day the news […]

The post U.S. EV Battery Maker A123’s Shares Drop to 82 Cents After Defect Scandal appeared first on The Green Optimistic.