Oct 16, · Big news for those who like political spats over energy policy: A Systems, an electric-car-battery manufacturer that received $ million in federal grants as part of the stimulus bill, filed. A Systems, LLC, a wholly owned subsidiary of the Chinese Wanxiang Group, was a developer and manufacturer of lithium iron phosphate batteries and energy storage systems.. The company was founded in by Yet-Ming Chiang, Bart Riley, and Ric karacto.xyz , it had about 2, employees globally and was headquartered in Waltham, Massachusetts. Its original product technology was . Jul 14, · The collapse of A—as well as the January bankruptcy of another electric-car-battery maker, Ener1, the recipient of a $ million DOE grant—provides yet another example of the Obama.