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A123 sells cathode material manufacturing assets to Johnson Matthey

Tue, 10/14/2014 - 11:13 -- Laura Varriale
A123 Systems LLC

Michigan-headquartered lithium-ion battery maker A123 Systems has sold its Chinese cathode materials manufacturing facility to chemicals company Johnson Matthey.

A123 Systems retained the ownership of its intellectual property and will maintain its research and development capability of battery materials and to further develop improvements of its lithium iron phosphate (LFP) formulation.

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