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CNBC reported that China’s largest auto parts manufacturer, Wanxiang Group, obtained approval by the US government to purchase A123 Systems, a bankrupt lithium-ion battery maker.
CNBC reported that China’s largest auto parts manufacturer, Wanxiang Group, obtained approval by the US government to purchase A123 Systems, a bankrupt lithium-ion battery maker.
As quoted in the market news:
Some members of Congress and retired military leaders said the sale to Wanxiang would transfer sensitive technology to China and they asked the U.S. committee to block it.
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