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Web Date: August 14, 2012

Chinese Firm Offers To Invest In A123

Intellectual Property: Proposed deal raises U.S. security concerns
Department: Business
Keywords: batteries, electric vehicles, intellectual property

A123 Systems, a financially struggling maker of lithium iron phosphate batteries, is in talks with the Chinese auto part maker Wanxiang Group about a deal in which the Chinese firm would invest up to $450 million in A123 in exchange for an 80% ownership stake.

The deal is likely to run into opposition from U.S. lawmakers, one of whom notes that A123 built an advanced technology battery plant in . . .

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