A123 Systems (AONE) In MOU with Wanxiang to Invest Up to $450M
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A123 Systems (Nasdaq: AONE) signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123.
Wanxiang is China's largest automotive components manufacturer and one of China's largest non-government-owned companies.
Wanxiang is China's largest automotive components manufacturer and one of China's largest non-government-owned companies.
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