Subsidy Tracker Parent Company Summary
Parent Company Name:
Wanxiang
Ownership Structure:
privately held
Headquartered in:
China
Major Industry:
automotive parts
Specific Industry:
automotive parts
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $173,827,000 | 8 |
| Federal (grants and allocated tax credits) | $255,052,077 | 14 |
| TOTAL | $428,879,077 | 22 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $529,000,000 | 1 |
| TOTAL | $529,000,000 | 1 |
Time Period for State and Local Awards:
Earliest year of data: 2009. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.
Time Period for Federal Awards:
FY2000 to the present
Notes:
The dollar total above adjusts for the fact that there is an overlap between the amount in the Megadeal entry and that of one or more of the other entries. Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
A123 SYS; FISKER AUTOMOTIVE; WANXIANG
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Michigan | $152,300,000 | 4 |
| Delaware | $21,500,000 | 2 |
| Illinois | $27,000 | 2 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| A123 SYSTEMS, INC. | United States | federal | 2010 | $249,090,000 | federal grant | |
| A123 Systems (now owned by Wanxiang) | Michigan | multiple | 2009 | $152,300,000 |
MEGADEAL  |
|
| A123 Systems, Inc. | Michigan | state | 2010 | $100,000,000 | tax credit/rebate | |
| A123 Systems, Inc. | Michigan | state | 2010 | $25,286,395 | tax credit/rebate | |
| Fisker Automotive | Delaware | state | 2010 | $12,500,000 | grant/loan hybrid program | |
| A123 Systems, Inc. | Michigan | state | 2010 | $10,000,000 | grant | |
| Fisker Automotive | Delaware | state | 2010 | $9,000,000 | grant/loan hybrid program | |
| A123 SYSTEMS INC. | United States | federal | 2010 | $1,000,000 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2011 | $978,320 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2012 | $824,035 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2009 | $702,075 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2012 | $696,834 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2010 | $387,300 | federal grant | |
| A123 SYSTEMS | United States | federal | 2003 | $330,000 | federal grant | |
| A123 SYSTEMS | United States | federal | 2004 | $294,300 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2013 | $274,263 | federal grant | |
| A123 SYSTEMS, INC. | United States | federal | 2014 | $219,292 | federal grant | |
| A123 SYSTEMS | United States | federal | 2003 | $124,860 | federal grant | |
| A123 SYSTEMS | United States | federal | 2002 | $100,000 | federal grant | |
| Wanxiang New Energy, LLC | United States | federal | 2011 | $30,798 | federal grant | |
| Wanxiang America Corp | Illinois | state | 2013 | $13,500 | grant | |
| Wanxiang America Corp | Illinois | state | 2014 | $13,500 | grant | |
| Fisker Automotive, Inc. | United States | federal | 2010 | $529,000,000 | federal loan or loan guarantee |
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