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Chapter 11

A123 Auto Assets to Johnson Controls

October 17, 2012 in batteries, Companies, EVs by Rich Piellisch  |  No Comments

Nanophosphate Lithium Developer Files for Voluntary Chapter 11

A123 Systems, the Massachusetts developer and manufacturer of Nanophosphate brand lithium iron phosphate batteries, said Tuesday that it is selling its automotive assets and technology to Johnson Controls, Inc. via a $125 million transaction that includes $72.5 million in debtor-in-possession financing by JCI for A123 to continue operations.

Valence Files for Chapter 11 Protection

August 3, 2012 in batteries by Rich Piellisch  |  No Comments

Shares Are De-Listed by NASDAQ, Now on OTCQB

Austin, Texas-based Valence Technology has joined the ranks of financially troubled electric drive transportation companies, last month filing for Chapter 11 bankruptcy protection. The firm has also been de-listed from NASDAQ.

Ener1 Files for Bankruptcy

January 28, 2012 in Electric Drive, EVs by rich  |  No Comments

Subsidiaries including the lithium ion battery manufacturer EnerDel “are not expected to be adversely impacted,” as parent Ener1 said it Thursday that it filed for Chapter 11 protection in federal bankruptcy court in New York. A “pre-packaged” plan provides for a restructuring of debt and the infusion of up to $81 million of equity funding.

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