A123 Announces Alignment Plans With Wanxiang
A123 Systems, which has offices in Hopkinton and Westborough, outlined its organizational alignment with The Wanxiang Group and announced the appointment of a new CEO, after Wanxiang purchased nearly all of A123’s businesses in January.
According to a statement from the Livonia, Mich.-based developer and manufacturer of lithium iron phosphate batteries and systems, Wanxiang’s lithium-ion battery activities will be integrated under A123’s leadership and aligned with A123’s existing operations in China. A123 filed for Chapter 11 bankruptcy last fall, which led to Wanxiang purchasing its assets at auction.
A123 also announced that Jason Forcier has been appointed CEO, as well as a member of the board of directors. Forcier will oversee all battery cell and transportation-related sales, product development and manufacturing activities globally, the company said.
“Combining the Wanxiang EV battery business with the global footprint of A123 offers great potential to enhance our global competitiveness,” Forcier said. “Both organizations bring key skill sets that are critical to our collective success and together we are well prepared for growth in our target markets.”
A123 said production facilities for its transportation business continue to produce the majority of its transportation output in Michigan. A123 successfully launched the Chevy Spark EV battery system for General Motors earlier this year, and will focus increasingly on producing systems for low-voltage hybrids in the future.
Image source: Freedigitalphotos.net
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