China's lithium ion 'medal' count grows as Wanxiang takes flailing A123 under its wing, highlighting continued uncertainty in the EV and grid storage markets

August 08, 2012 | Analyst Insight

China's Wanxiang Group Corporation (Wanxiang) and U.S. based A123 Systems (A123) today announced a memorandum of understanding (MOU) that calls for a $75 million injection from Wanxiang to A123, if the...