Boston Power Founder Explains Why She’s Moving Company To China

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor

BOSTON (CBS) – A Westborough green tech company that had plans to create hundreds of manufacturing jobs in Massachusetts has now decided to move much of the company to China.

In an exclusive interview at the WBZ studios, Boston Power founder and International Chairman Dr. Christina Lampe-Onnerud explained the decision was prompted by a massive assistance program offered by the Chinese government which included a cash investment, loans, incentives and construction assistance.

Boston Power, which makes lithium ion batteries, has been unable to meet growing international demand for its green lithium ion batteries that are now found in computers, machinery and cars. The company will locate a massive production facility in Beijing and move most research and development to China, as well.

The decision to move to China came after Boston Power’s application for $100 million in U.S. federal stimulus funding was denied.

Listen to my web report on our conversation:

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Comments

One Comment

  1. A says:

    Yet, here the notion is that you don’t reward and help business, no no – you tax the heck out of them cause that will create jobs.

    And it did – in China, again

    What is it that the clown in DC doesn’t get about all this ?

    You do not create jobs through taxes. You create jobs through assistance to companies interested in creating them.

    And since DC wasn’t, China stepped up

    Thanks Obama, a few more unemployed in Westborough

    1. Joe Shmoe says:

      I’m sick of subsidizing businesses. Don’t blame Obama, blame companies that don’t want to pay their fair share of anything then run off to the cheapest place they can find. Face it, they didn’t want to pay American wages. No company has been stopped by taxes, especially how little they pay now.

      Remember how Raytheon got loads of tax breaks for a promise to create jobs. Guess what they did? Lay offs.

      1. A says:

        Per the article, they asked the federal government for assistance, the government wasn’t interested but China was.

        That simple

        Who is the federal government at this point in time ? Obama

        So yes, I can blame Obama all I want

        And it is not that they don’t help companies – what was the solar company that got a boatload of money and then tanked ? Yep, let’s give a new unknown company a bag of money with nothing to show for it or let’s show the support to an existing company ??

  2. M.M. O'Reilly says:

    Thanks for being a great American. China must be smiling.

  3. M.M. O'Reilly says:

    Don’t be hating Obama for this it was the Republican Nixon who opened
    the door to China for his rich Republican business friends to make more
    profit .History has a short memory.

    1. A says:

      And you have an even shorter one it appears

      It was Obama that toured China and India just before the election + right after to promote trade deals.

  4. Ed dracut says:

    Thats right play the blame game. This and this alone is why this country is going down the tubes. The feds need to step in and put a stop to this. Tax any company that takes jobs out of this country so it will be cheaper to make them here.

    1. A says:

      Don’t tax them going out. Tax them with high duty when they bring the products back in to sell them to you and I

      Tax them before and they will move – see article above

      Tax them after, via duty, and they will soon become uncompetative as someone will find a way to make the product in the US cheaper than the other can sell it for with the high import Duty

  5. Dr. Who says:

    Dr. Onnerud, If you love China so much Why are you choosing to live here in the U.S. as you send jobs out of this country? Perhaps, because you know how women are treated in China…You’re a D-Bag…….

  6. emom says:

    AHH does anyone have a 9000 mile extension cord,, what will be next regular power companies,,, I think I will get that cord now… I cant work with out it…

  7. fred says:

    This woman stated in a previous interview in the Herald that even if they got the 100m loan they were still going to eventually move their operations to China (sounds like Evergreen Solar). You can not compete with China when wages are pennies on the dollar, where there are few if any benefits for employees, when they have virtually no environmental regulations (all of the solar panel makers are some of the biggest polluters on earth and they can get away with it in China). We can not give money to these companies just so they will later be forced to move once they have developed the technolgy here and can’t manufacture because of the costs and regulations. We must impose tarriffs on goods made in China to level the playing field – we will never compete if our plan is to subsidize these industries here. For once I agree with the Obama admin for not giving this company the loan although they probably denied it because they didn’t donate enough or weren’t as connected as some these soon to go belly up green investments they have made.

  8. Cameron says:

    WHAT A P.O.S. ALL SHE AND THE REST OF THE BOARD MEMBERS WANT IS MORE MONEY. PLAIN AND SIMPLE. ALL ITS EVER ABOUT IS MONEY. IT MAKES ME SICK TO THINK THAT IM A VETERAN OF THESE WARS TO TRY AND SUPPLY FREEDOM TO THESE PEOPLE WHO DO THESE THINGS. I HOPE THAT FOUNDER AND PRESIDENT ENDS UP HOMLESS, HER COMPANY FOLDS AND THE CHINEESE JUST TAKE IT FROM HER AND TELL HER TO NEVER COME BACK. WHAT A GREEDY WOMAN. I WILL MAKE SURE I NEVER BUY ANYTHING RELATED TO THIS COMPANY.

  9. bob says:

    She doesn’t state the main reason for moving operations to China. You probably know what that is. Could it be the dirt cheap labor? It will also show in the quality of the products.

  10. bob says:

    Just another day in Deval Patrick’s Massachusetts.

  11. AJ says:

    let this company go to china because USA people will not be able to purchase their products. Also out government has to place a 200 year ban on any company that moves to china, so their products can not be sold here. its time to ban Chinese goods.

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