China’s Wanxiang Looking to Aid Fisker
The latest bit of news trickling in on the Fisker-A123Systems-Wanxiang front, is information that Wanxiang America Corporation, a division of China’s Wanxiang, is showing interest in coming to the aid of struggling Fisker Automotive.
Crain’s Chicago Business reports that Wanxiang isn’t interest in outright purchasing Fisker. Rather, it seems Wanxiang hopes to offer a “helping hand.” By this statement, it’s believed Wanxiang will look to either invest in, partner with or become a key supplier to Fisker in the near future. This make sense since Wanxiang now owns A123 Systems, manufacturer of battery packs for the Fisker Karma.
If Wanxiang America decides to invest, the Chinese government will have to grant approval. It’s also likely that the US government will have to be involved in the deal since DOE money was granted to Fisker.
Is Wanxiang the strategic partner that Fisker has been seeking for some time now?
Categories: Fisker / Karma