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The Boston Globe

Business

Can battery maker A123 avoid Solyndra’s fate?

As market conditions changed, A123 found new ways to succeed. The Waltham battery maker is hoping CEO David Vieau will once again find his magic touch.

David Vieau, chief executive of A123 Systems Inc., has always managed to find new markets and new money just when the advanced battery maker really needed them.

When the Waltham company was a small start-up searching for a customer, Vieau convinced power tool maker Black & Decker to buy his firm’s lithium ion batteries — even though A123 had no commercially available product. After General Motors chose a competitor to make batteries for the Chevy Volt, Vieau landed contracts with Chrysler and SAIC Motor Corp., China’s largest car maker.

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