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A123 Systems Opens Li-ion Automotive Battery Manufacturing Plant in Michigan

Green Car Congress

A123 Systems announced the grand opening of the largest lithium ion automotive battery production facility in North America, which it calls the largest, based on available data. The new plant in Livonia, Mich. The new plant in Livonia, Mich. expected to come on line during the first half of 2011.

Michigan 186
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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

Li-ion maker A123 Systems, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Earlier post.).

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