Security concerns grow over sale of US battery maker to Chinese company


More than a decade of advanced American technology could be handed over to one of the country’s top economic rivals unless the government intervenes to stop the sale, lawmakers say.

The concerns surround the sale of A123 Systems — a firm backed for years by U.S. taxpayers — to a company run by a Chinese multi-millionaire with deep ties to the Chinese Communist Party. The move would essentially transfer sensitive battery technology with “key military applications,” according to one group that is opposing the sale.

Renewed concerns come one day after President Obama in his inaugural speech spoke to the need to keep advanced technology here in the U.S.

“We cannot cede to other nations the technology that will power new jobs and new industries — we must claim its promise,” he said.



Sign up for our daily email and get the stories everyone is talking about.


Previous post

Clinton denies 'delay' in Benghazi response, despite accounts

Next post

Clinton Shouts: 'What Difference Would It Make?'

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.