A123 was in fact founded by a Chinese-American, Yet-Ming Chiang.
http://sciencecoalition.org/successstories/company.cfm?companyId=17 A123 Systems was born out of research by Yet-Ming Chiang at MIT and founded in 2001 by Chiang, Bart Riley, who became Chief Technical Officer, and Ric Fulop, Vice President of Business Development and Marketing. Many aspects of A123’s core technology were exclusively licensed from MIT through a royalty-based agreement. After a year off in 2002 to help get the company on its feet, Chiang has been back at MIT full-time teaching and continuing his research, and sits on A123’s board. http://web.mit.edu/invent/iow/ychiang.html
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