Sunday, December 16, 2012
SAY NO! To China Buying US Battery Secrets
Barry, My Liege :
Here is a case that may justify direct government intervention into the bankruptcy process to prevent harm to the Military National Security of the United States.
Battery maker A123 is being sought by Chinese auto company Wangxian.
Details are here : http://seekingalpha.com/article/1066601-a123-bankruptcy-the-national-security-question
But some of the company's lithium ion battery technology was developed with government funds. And, that technology may give Chinese military a leg up on US weapons.
My Liege, there is more here than market forces.
Tell Little Timmy to tread carefully on the deal in his role at the Committee on Foreign Investment in the United States.
Or, his and our grandchildren may face Chinese weapons developed with battery technology developed under A123 DOD contracts.
We pray you are VERY careful, My Liege.
Your faithful servant,