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WANXIANG WINS CFIUS APPROVAL TO BUY BANKRUPT BATTERY-MAKER A123

(The following is a reformatted version of a press release
issued by Wanxiang America Corporation and received via
electronic mail. The release was confirmed by the sender.) 
Wanxiang America Receives Approval from CFIUS to Acquire
Substantially All Non-Government Business Assets of A123 Systems 
Elgin, Illinois--January 29, 2013--Wanxiang America Corporation
today announced that it has received approval from the Committee
on Foreign Investment in the United States (CFIUS) to complete
its acquisition of substantially all of the non-government
business assets of A123 Systems, Inc. 
“We’re pleased the government has completed its review and
provided us with the go-ahead to finalize this transaction,”
said Pin Ni, President of Wanxiang America.  “The future is
bright for A123.  It is a company with exceptional talent and
potential, and Wanxiang America is committed to its long-term
success and the continuance of its U.S. operations.  Wanxiang
America looks forward to closing the transaction and to
continuing to foster the technologies A123 has worked so hard to
develop.” 
About Wanxiang America Corporation
Based outside of Chicago, Wanxiang America has been in the
automotive, industrial and clean energy technology markets in
the U.S. since 1994 and has a long and successful record of
investing in and expanding U.S. manufacturing operations.
Wanxiang America currently has more than 3,000 employees in the
U.S. 
Media Contact:
Caroline Langdale
202-337-0808
clangdale@gpgdc.com 
(bjh) NY 
#<873920.660640.3.4.0.0.76>#
 
 
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