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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

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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

A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. million (a decrease of 53% from $36.4

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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

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Delaware Transit Corporation. Delaware Transit Corporation will receive funding to purchase Proterra 35' Catalyst E2 battery electric Buses, serving Wilmington and Sussex County. Indianapolis Public Transportation Corporation. Massachusetts Department of Transportation. Missoula Urban Transportation District. 54,992,016.

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Toyota FCV Mirai launches in LA; initial TFCS specs; $57,500 or $499 lease; leaning on Prius analogy

Green Car Congress

The Mirai uses the Toyota Fuel Cell System (TFCS), which features both fuel cell technology and hybrid technology, and includes proprietary Toyota-developed components including the fuel cell (FC) Stack, FC boost converter, and high-pressure hydrogen tanks. FC Boost Converter. —Akio Toyoda, Toyota Motor Corporation President/CEO.

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