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Wanxiang Qianchao to acquire 80 percent in A123
August 8, 2012 -- A123 Systems, a U.S.-based battery manufacturer, said it has signed a non-binding agreement with Wanxiang Group Corp., under which Wanxiang could invest as much as $450 million and obtain up to an 80 percent stake in A123. Starting with $75 million in bridge financing, Wanxiang would buy $200 millio....
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