A123 Systems

A123 Systems is a leading developer and manufacturer of advanced lithium-ion batteries and energy storage systems. The company primarily generates revenue by supplying high-performance batteries for electric vehicles, grid storage, and commercial applications. Founded in 2001 and headquartered in Massachusetts, A123 Systems has a significant history of innovation, including pioneering nanophosphate technology. The company has undergone several ownership changes, including a notable acquisition by the Chinese automotive parts manufacturer Wanxiang Group in 2013, which has bolstered its global market presence.

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