The Wall Street Journal posted a pretty interesting article about American lithium-ion EV battery producers, A123, being rescued by Chinese investors. A123 was a startup based on MIT students and professors. They got money from the US Government and the state of Michigan and started producing batteries for a few manufacturers including Fisker and the upcoming Chevy Spark EV. A123 was on the verge of bankruptcy after having to recall the batteries in the Fisker Karma and the US government was unwilling to loan them any more money.

China Deal to Axquire US Battery Maker is Just the Beginning – WSJ