Tuesday, January 29, 2013

A123 goes to China

US approves A123 sale to Chinese firm despite security concerns

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.



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