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Wanxiang Group

VW Group signs $1.4B battery deal with Wanxinag Group to ensure security of supply in China

Tue, 08/04/2020 - 08:29 -- Paul Crompton

China battery maker Wanxinag Group has secured a $1.4 billion deal to supply German vehicle OEM Volkswagen Group (VW) with lithium-ion batteries.

The deal, through the China firm’s subsidary Wanxiang A123 (Wanxiang bought battery maker A123 in 2012), gives VW a second China lithium-ion cell supplier alongside Contempoary Aperex Technology (CATL). 

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Change at the top of A123

Fri, 09/08/2017 - 10:00 -- News Editor
Change at the top of A123

US-based lithium-battery firm A123 Systems has announced a leadership change with the appointment of Peter Cirino (pictured) as CEO.

Cirino, who has run A123’s Europe operations since 2016, succeeds Jason Forcier.

 

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Turbulent week of mixed fortunes for A123 Systems

Thu, 05/21/2015 - 15:31 -- Paul Crompton
Turbulent week of mixed fortunes for A123 Systems

It doesn’t matter how you spin it, lithium-ion battery manufacturer A123 Systems has had a heady mix of fortune this week.

Firstly the company, bought for £251million by China’s Wanxiang Group in 2012 after filing for bankruptcy, sold its the non-automotive lithium-ion battery and system integration branch.

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