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A123 Systems - What's going on? The
Straight Scoop
A123 Systems, owner-developer of
proprietary Lithium NanoPhosphate technology, and sole manufacturer of A123 batteries has recently undergone re-organization.
On January 29, 2013, A123 Systems LLC, a newly formed, wholly owned subsidiary
of Wanxiang America Corporation, announced that it has acquired substantially
all of the non-government business assets of A123 Systems, Inc. in a transaction
approved by the Committee on Foreign Investment in the United States (CFIUS).
Included in this transaction are A123’s automotive, grid and commercial business
assets, including technology, products, customer contracts and U.S. facilities
in Michigan, Massachusetts and Missouri; its manufacturing operations in China;
and its equity interest in Shanghai Advanced Traction Battery Systems Co.,
A123’s joint venture with Shanghai Automotive. Excluded from the acquisition is
A123’s Ann Arbor, Mich.-based government business, including contracts with the
U.S. military, which have been acquired by Navitas Systems LLC through a
separate transaction.
This brings to an end a challenging time for A123 and while you have
undoubtedly been feeling substantial uncertainty about A123's situation during
these last few months, we want to reassure you that this is a decidedly positive
outcome for A123 and our customers. Wanxiang has reiterated its commitment
to A123's technologies, customers, suppliers, partners and oter stakeholders,
and we believe the future to be extremely bright.
About Wanxiang America Corporation Based outside of
Chicago, Wanxiang America has been in the automotive, industrial and clean
energy technology markets in the U.S. since 1994 and has a long and successful
record of investing in and expanding U.S. manufacturing operations. Wanxiang
America currently has more than 3,000 employees in the U.S.
"We are excited to add A123 Systems to our growing portfolio of companies as we
continue to expand on our strategy of investing in the automotive and cleantech
industries in the U.S.,” said Pin Ni, president of Wanxiang America. “A123 will
continue to offer cutting-edge technology for vehicle electrification and
grid-scale energy storage, strong manufacturing and systems engineering
capabilities and a world-class R&D team. Wanxiang America will continue to
foster the technologies A123 has worked so hard to develop, and we believe this
combination positions A123 for long-term success."
A123 Systems LLC will
leverage its industry-leading research and development capability to bring
innovations at the chemistry, cell and system level to market while also ramping
up manufacturing at its facilities in Michigan and Massachusetts to meet demand
from customers in three core business areas: transportation, electric grid and
lead-acid replacement. In addition, A123 will continue operating its existing
manufacturing facilities in China.
In a nutshell
A123
Systems is alive and well, operating under a "new" name and management,
A123 Systems LLC.
Battery manufacturing and R&D activities
continue unabated, all production facilities are up and running! |
A123 Systems' Distribution Policy
Please note that A123 and our Value Add Channel Partners
do not currently sell any [single] cells online for direct purchase. If you
purchase cells marked with A123 Systems identification online, you are
purchasing them from unauthorized resellers. These products may be scrap
products or, in some cases, counterfeit products, and do not meet minimum A123
quality and performance standards.
Additionally, counterfeit products may
pose significant safety hazard to their users due to improper design, use of
unsafe materials or poor construction and quality control. If you have
ordered [single] cells online, A123 cannot guarantee that they are genuine A123
products. A123 is
also not responsible for any performance, safety or other problems you may
experience as a result of purchasing unauthorized or counterfeit cells.
ElectroDynamics is a member of A123's Value
Add Channel Partners chain.
A123 cells continue to be
available from ElectroDynamics in our battery packs and
integrated into our products,
with full
factory support and warranty. |
ElectroDynamics stocks all the necessary chargers, cables, adapters and
complete packages
for E-Z, no-brainer charging and installation!
|