A123 Systems to Change Name to B456 Systems image

According to a recent report, A123 Systems will change its name to B456 Systems.

The document was filed yesterday, March 28th, with the U.S. Securities and Exchange Commission and says that A123 Systems will be named B456 Systems. The U.S. Department of Energy offered the Massachusetts-based maker of electric vehicle battery packs a grant of $249 million in 2009, but the company filed for bankruptcy protection in October 2012.

A123 Systems, which sold almost all its assets to Chinese company Wanxiang, said that it will hire 5,900 workers at its plants in Livonia and Romulus, but in 2011 the company has a work force of 1,000 employees in Michigan. Last year A123’s battery packs, which it supplied to its largest customer Fisker Automotive, were found defective.

As A123 began to replace the battery packs the future of Fisker was put in danger, which this week has to furlough workers to save some money. This month Dongfeng and Zhejiang Geely Holding said they were no longer interested in becoming Fisker’s partners and the company’s founder Henrik Fisker resigned due to fundamental differences with CEO Tony Posawatz.