Chinese auto parts maker Wanxiang Group, whose agreement to buy 80% of A123 Systems was voided when Johnson Controls acquired the auto-related assets of the bankrupt battery supplier, said Wednesday it still wants to buy part of the company.
In August, Wanxiang said it would invest $465 million for up to 80% of A123 Systems, but that deal unraveled as A123 slipped into Chapter 11 bankruptcy protection Tuesday.
"Our interest and goal remains the same," Wanxiang America President Pin Ni said in an e-mail.
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