A123 to Get Initial $25 Million From Wanxiang

A123 Systems, a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, announced the execution of definitive agreements with Wanxiang Group Corporation. A123 and Wanxiang have signed definitive agreements, following the Aug. 8 memorandum of understating, which provides A123 with an initial credit extension of $25 million. A123 expects to receive the […]