Electric Car Battery Maker Files For Bankruptcy

Federal support for alternative energy continues to disappoint

Reason Staff | 10.16.2012 11:24 AM

A123 Systems Inc. (AONE), a maker of rechargeable lithium-ion batteries for electric cars, filed for bankruptcy after failing to make a debt payment that was due yesterday.

The company listed assets of $459.8 million and debt of $376 million as of Aug. 31 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware.

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Electric Car Battery Maker Files For Bankruptcy

Federal support for alternative energy continues to disappoint

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