January 26, 2012
Ener1 (HEV) filed for protection under Chapter 11 of the Bankruptcy Code and left its stockholders holding worthless paper.
March 31, 2012
Panasonic (PC) booked $3.7 billion of asset and goodwill impairments in the lithium-ion battery and solar cell businesses it acquired from Sanyo.
July 12, 2012
Valence Technology (VLNCQ.OB) filed for protection under Chapter 11 of the Bankruptcy Code and left its stockholders holding worthless paper.
September 12, 2012
Bosch and Samsung (SSNLF.PK) dissolved their SB LiMotive joint venture and Samsung launched a global effort to reposition its lithium-ion battery business in non-automotive sectors.
September 30, 2012
Panasonic booked another $3 billion of asset and goodwill impairments and announced plans to close three of its six battery plants.
October 16, 2012
A123 Systems (AONEQ.PK) filed for protection under Chapter 11 of the Bankruptcy Code and left its stockholders holding worthless paper.
October 24, 2012
Dow Chemical (DOW) announced plans to record a substantial fourth quarter impairment charge to write down the value of its lithium-ion manufacturing assets.
November 1, 2012
Sony (SNE) reportedly opened discussions to sell its lithium-ion battery unit to Chinese buyers for roughly 0.35 times sales.
December 7, 2012
In conjunction with plans to move its operations to China, Altair Nanotechnologies (ALTI) announced a 1 for 6 reverse split after implementing a 1 for 4 reverse split in October 2011.
December 11, 2012
Substantially all of A123's assets, which had a book value of $495 million at June 30, 2012, were sold to China's Wanxiang America Corp. for $256.6 million.
http://seekingalpha.com/article/1064411-lithium-ion-batteries-were-a-bust-but-advanced-lead-acid-batteries-are-booming?source=feed
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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