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Taking on established battery makers and making electric vehicles mainstream will require far more radical advances.
The once promising maker of advanced batteries for electric cars goes for pennies on the dollar.
Some observers are alarmed that the federally backed battery maker A123 Systems could soon be owned by the Chinese. But did the company have a choice?
The troubled company says an advanced design could lead to cheaper electric vehicles.
Once the rising star of the clean-tech industry, the advanced battery maker faces an uncertain future.
The company is losing money fast. It hoped to raise money to stay afloat.
A second recall of its batteries calls the company’s future into question.
Despite losing over $250 million last year, the company remains optimistic.
Both the plug-in hybrid startup, and the company that supplies its batteries, appear to be in trouble.
Companies need more consumer demand for electric vehicles to grow rapidly.