Despite unveiling what it says will be a revolutionary new vehicle battery this week, Massachusetts-based firm A123 Systems is fighting skepticism that it will become the “next Solyndra,” a reference to the California solar company that went bankrupt in August 2011 after receiving a $550 million dollar loan guarantee from the U.S. government.“There are many differences between us and Solyndra,” said Andy Chu, A123’s vice president of marketing and communications, in a phone interview with TPM. “We’re very confident about our future, and we believe we’ll be around for the foreseeable future.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=98036