Wanxiang Group Wins A123 Amid US Tech Transfer Concerns

CNBC reported that China’s largest auto parts manufacturer, Wanxiang Group, obtained approval by the US government to purchase A123 Systems, a bankrupt lithium-ion battery maker.

As quoted in the market news:

Some members of Congress and retired military leaders said the sale to Wanxiang would transfer sensitive technology to China and they asked the U.S. committee to block it.

Click here to read the full CNBC report.