A123 Systems Announces Private Placement of Notes for $200m

A123 Systems, Inc., a developer and manufacturer of advanced lithium-ion advanced batteries and energy storage systems for transportation, electric grid and commercial applications, agreed to issue senior secured convertible notes, for gross proceeds of $200m, in a private placement. The placement will be subscribed by Wanxiang Group Corporation. A123 Systems, Inc. has signed a non-binding Memorandum of Understanding (MOU) with Wanxiang Group Corporation (Wanxiang). Wanxiang is among China’s largest automotive component manufacturers. Wanxiang Group Corporation will invest up to $465m in A123 Systems, Inc. to strengthen its access to the grid-scale energy storage markets and vehicle electrification in China.


The coverage of the deal report includes the overview of the deal and details on the key drivers of the deal. It also provides the company profile of the two companies – A123 Systems, Inc and Wanxiang Group Corporation.

Reasons to buy

This report provides latest updates on the fuel cell market. It also provides insight on the expansion plans of the Wanxiang Group Corporation that plans to penetrate in the US market.

Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

2 Summary 1

3 A123 Systems Announces Private Placement of Notes for $200m 1

3.1 Deal Overview 1

3.2 Deal in Brief 1

3.3 Key Drivers of the Deal 2

3.4 About the Companies 2

3.4.1 A123 Systems, Inc 2

3.4.2 Wanxiang Group Corporation 2

4 Appendix 3

4.1 Abbreviations 3

4.2 Methodology 3

4.2.1 Coverage 3

4.2.2 Secondary Research 3

4.2.3 Primary Research 3

4.2.4 Modeling and Forecasting 3

4.3 Contact Us 4

4.4 Disclaimer 4

List of Tables

Table 1: Abbreviations 3

List of Figures



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