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Americas Africa Relation in Asia

  • Chinese Company Wins Bid For Waltham-Based Battery Maker A123

    CHINA, 2012/12/24 Bankrupt battery maker A123 Systems Inc. on Sunday said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for $256.6 million. Wanxiang America Corp. won an auction conducted under the supervision of the U.S. Bankruptcy Court for the District of Delaware.