Pioneering battery maker files for bankruptcy
Nature: A123 Systems, which developed rechargeable batteries for the automotive industry, filed for bankruptcy after 11 years in business. And as of now, the fate of other battery makers is tied to the fate of the electric car. “The outlook in the near future for electric cars does not look that promising,” said Daniel Scherson, the Frank Hovorka Professor of Chemistry. “They are still just too expensive.”
