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A123 battery systems |
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JERRY2KONE SUPERMAXX
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Posts: 3,452
Join Date: Sep 2006
Location: HAYMARKET VIRGINIA
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A123 battery systems -
10.16.2012, 01:25 PM
Hey have you guys heard? A123 systems is filing bank ruptsy after receiving more than $350M in US Gov grants (free money), plus more than $150M in tax breaks for their research and development group (more free money). I was shocked when I heard this on Fox News this evening. They were awarded the number one battery developer/designer in the USA for advanced technology used in many of their automobile applications. I do not know how this will trickle down through their R/C section, but things are not looking good for them right now. Just wanted to share the latest news.
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