Foreign car makers in China including General Motors Co and Toyota Motor Corp last year thought they had scored a victory over Beijing's efforts to strong-arm them into sharing cutting-edge electric car technology.
But that could prove compromised as leading Chinese auto parts firm Wanxiang Group Corp's $465 million investment in A123 Systems Inc, a struggling U.S. maker of lithium-ion batteries, may help China unlock the secrets to critical and advanced green-car technologies.
Read Article