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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.