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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.). Earlier post , earlier post.)

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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.

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George Soros buys Tesla ($TSLA) and other tech stocks

Teslarati

In Q1, he liquidated his shares in Fisker and Li-Cycle, which is a lithium-ion recycling company. Along with Tesla, the fund sold cut back, and also invested in various electric vehicle stocks this year. He held 8 million shares of Protera in Q1 2022 but currently holds 2.82

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

One wonders if the recent headway at MIT in building lithium ion cells using ?virus? Fisker is a good example. The EV1 needs to be built with LI batteries and a REAL Assembly Line. Forget the black helicopter conspiracies. based technology will actually achieve any economy in production. Interesting in any case.

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