A123 Discloses New Battery Technology

China's largest auto parts maker won U.S.

By Greentech Media: By Jeff St. John Waltham, Mass.-based advanced lithium-ion battery company A123 (AONE) filed for bankruptcy on Tuesday, becoming the fourth Obama Administration-backed green technology company to declare insolvency after receiving tens or hundreds of millions of dollars in federal grants and loans.

Military leaders and politicians are worried that U.S.-funded electric-car-battery technology will end up in the hands of a Chinese auto parts maker. The auction of battery-maker A123 Systems Inc., scheduled for Thursday, is expected to draw both U.S.

Jim McNerney says investigation

By John Petersen:Last week, the stock of A123 Systems (AONE) soared 52% in a day after it announced that an enhanced chemistry would improve the cold and hot weather performance of its LiFePO4 batteries, reduce the need for ancillary temperature control systems and make them more competiti

DETROIT (Reuters) - Once a high-flying green technology company, battery maker A123 Systems Inc on Friday told investors it has about five months of cash left to fund operations, adding to woes for a sector short on results and long on government loans. The company, which received a $249 million grant from the Obama administration as part of a program to develop advanced lithium-ion batteries, said in documents filed with U.S. regulators that it "expects to have approximately four to five months of cash to support its ongoing operations" based on its recent monthly spending average. ...

A123 Systems Inc. (AONE) , a maker ofrechargeable lithium-ion batteries for electric cars, filed forbankruptcy after failing to make a debt payment that was dueyesterday. The company listed assets of $459.8 ...

By Greentech Media: As expected, some lawmakers are decrying A123’s (AONE) rescue by Chinese auto tech giant Wanxiang as a giveaway to a “foreign adversary.”Since when did China become an enemy of the United States? Since it started bailing out U.S. green technology companies that have backing from the Obama administration, that’s when.