A123 Bankruptcy Impacts Fisker Automotive

Andrew Evans' take on what's happening at Fisker Automotive in the wake of the collapse of its sole battery supplier, A123 Systems.

Published: 21-Dec-2012

The collapse of a government-subsidized battery manufacturer has caused the production of a government-subsidized electric car company to halt, raising questions about the government’s decision to support the two companies.

Fisker Automotive makes an extended-range electric luxury car called the Karma. It received approval for a government loan totaling $529 million in 2010.

The Karma uses a battery pack made by A123, which received a grant from the Department of Energy in 2009. A123 filed for bankruptcy in October, leaving Fisker, at least temporarily, without a battery manufacturer.


David Vieau (right) with President Obama at White House announcement.

David Vieau sees 80% stake in A123 by Wanxiang as saving American jobs.

Lola Drayson electric LMP racer.

Drayson Racing designed its Le Mans-style electric racer around A123 System's nano-structured lithium ion chemistry.

Illustration of A123 Systems energy storage bank.

While the electric car battery side of the business proved to slow developing to save A123, the grid storage business appears to be where the most immediate opportunity lies.


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