Tag: Wanxiang Group

Battery Power Politics

House Armed Services Committee raises national security concerns over sale of battery maker to Chinese company

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A123 battery pack / AP

The House Armed Services Committee said it is closely monitoring the pending sale of bankrupt battery-maker A123 Systems to a Chinese firm due to national security concerns.

A-Not-OK

A123 sale to Chinese firm raises security concerns, Republicans and outside critics say

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A123 Systems lithium-ion batteries / AP

Republicans and outside business groups are calling on the Treasury Department to reject the sale of bankrupt battery-maker and stimulus recipient A123 Systems, Inc. to a Chinese firm, arguing the move could put American national security at risk.