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The Boston Globe

Business

Deal gives battery maker path to China

A123 Systems’ recent agreement with a Chinese conglomerate has spurred concerns that the Waltham battery maker could lose control of its technology and business, but some analysts say the potential $465 million deal could open a vast and rapidly growing market that might ultimately save the struggling Massachusetts firm.

Demand for advanced batteries in China is projected to nearly double by 2016 to $9.2 billion, and US companies that partner with Chinese firms will have key advantages, namely access to the government agencies and companies that their Chinese counterparts do business with, according to Lux Research Inc., a Boston company that analyzes emerging technologies.

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