A123 goes to China
From within the post:
The move comes despite concerns from lawmakers on both sides of the aisle about a Chinese firm taking over a company -- and technology -- that U.S. taxpayers helped fund through $249 million in grants.
Originally developed by NASA's Jet Propulsion Laboratories, the technology behind the ultra-light lithium-ion phosphate batteries being bought will play a major role in modernizing the way electricity is generated and distributed. The new tech could also be used in key military operations and to power satellites and unmanned military drones.