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    lithium investing

    Chinese Automaker Makes Bid For A123

    Investing News Network
    Oct. 17, 2012 01:20PM PST
    Battery Metals

    Reuters reported a Chinese automaker bid $465 million bid for bankrupt A123 Systems Inc. (NASDAQ:AONE).

    Reuters reported a Chinese automaker bid $465 million bid for bankrupt A123 Systems Inc. (NASDAQ:AONE).

    As quoted in the market news:

    The Hangzhou-based company supplies auto-component and lithium-ion battery technology.

    His comment came a day after A123 Systems, which won a $249 million U.S. government grant in 2009 for jump-starting its business, filed for bankruptcy.

    Click here to read the full Reuters report.

    lithium investingnasdaq:aone
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