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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

The agreement would also include the potential for Wanxiang to invest up to an additional $175 million if it exercises the warrants that would be issued in connection with the Bridge Facility and the Convertible Notes for cash. million non-cash charge related to an additional write down of its investment in Fisker Automotive.

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Update: Top 10 Electric Cars

Clean Fleet Report

for 2016, followed by the Model X. News: Mercedes EQC Introduced ; First Drive: 2016 Mercedes-Benz B250e ; Smart Fortwo ED; 8. Coda Automotive , with its warmed-over Chinese sedan, has departed, but Fisker (now Karma) Automotive has revived its high-end plug-in hybrid under new Chinese ownership. Fleet To Electric?