Auto-part manufacturer Wanxiang has won the bidding for the assets of bankrupt battery maker...

|By:, SA News Editor

Auto-part manufacturer Wanxiang has won the bidding for the assets of bankrupt battery maker A123 Systems (AONE) auctioned this week, for a reported $250M-$260M. AONE filed for bankruptcy in October after a financing deal with Wanxiang fell through.