Betting Big (And Losing) On Lithium Ion Batteries

The U.S. government has bet billions of tax dollars on lithium ion batteries for electric vehicles, of which A123 Systems won $249 million. However, expensive recalls and other setbacks have put the company's future in serious doubt.

The U.S. government has bet billions of tax dollars on lithium ion batteries for electric vehicles, of which A123 Systems won $249 million. However, expensive recalls and other setbacks have put the company's future in serious doubt.

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