Skip to Content

A123 Has Four to Five Months of Cash Left

The electric vehicle battery maker edges closer to bankruptcy.

We’ve followed electric car battery maker A123 from near the beginning, and now it seems to be near its end. On Friday, the company told investors that it only has four to five months of cash left, provided it gets access to an expected $30 million.

A123 is looking for ways to cut costs and raise more money. While the company has promising battery technology and orders from major automakers, it has been plagued by high manufacturing costs (it lost 57 cents per dollar of revenue), cancelled orders, and recalls of faulty batteries. 

Keep Reading

Most Popular

Here’s how a Twitter engineer says it will break in the coming weeks

One insider says the company’s current staffing isn’t able to sustain the platform.

Technology that lets us “speak” to our dead relatives has arrived. Are we ready?

Digital clones of the people we love could forever change how we grieve.

How to befriend a crow

I watched a bunch of crows on TikTok and now I'm trying to connect with some local birds.

Starlink signals can be reverse-engineered to work like GPS—whether SpaceX likes it or not

Elon said no thanks to using his mega-constellation for navigation. Researchers went ahead anyway.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.