Remove Corporation Remove Grid Remove Michigan Remove Purchase
article thumbnail

A123 expects assets sales to Wanxiang and Navitas to close by 1 Feb

Green Car Congress

A123 Systems expects that the agreements for the purchases of its assets by Wanxiang America Corporation and Navitas Systems LLC to close, pursuant to the terms set forth in the agreements, by 1 February 2013. Excluded from the asset purchase agreement with Wanxiang is A123’s Ann Arbor, Mich.-based Earlier post.).

Missouri 210
article thumbnail

A123 Systems reaches agreement to sell substantially all assets to Wanxiang for $256.6M

Green Car Congress

reached agreement on the terms of an asset purchase agreement with Wanxiang America Corporation through which Wanxiang would acquire substantially all of A123’s assets for $256.6 Excluded from the asset purchase agreement with Wanxiang is A123’s Ann Arbor, Mich.-based A123 Systems, Inc. Earlier post.)

Ni-Li 342
article thumbnail

Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

Incentivize auto manufacturers, for example, by exempting the profits resulting from the sale of the first 10 million vehicles that deliver more than 75 mpg from any corporate taxes. We need an interactive grid to make this work. Right now we are operating with a grid that was not adequate at middle of the last century.

article thumbnail

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.

Convert 231
article thumbnail

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

2012 273
article thumbnail

Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

Electrical Grid Connections. While future demand from the automotive industry is significant, the real game changer for the lithium industry may be electrical grid storage. Grid storage is designed on a variety of scales, each with a different price point. New Entrants: Where It Gets Really Interesting.

Price 150
article thumbnail

US DOT Awards $100M in Recovery Act Funds to 43 Transit Projects to Reduce Energy Consumption and Greenhouse Gas Emissions

Green Car Congress

Laredo Bus Facility Solar Canopies: Provide shade structures with integrated, grid tied photovoltaic cells to be erected on the bus storage lot at the Laredo Bus Maintenance Facility. This grant would allow ConnDOT to upgrade the upcoming purchases of buses and would fund the incremental cost of a hybrid bus compared to a conventional bus.

Emissions 256