Wanxiang Group May Extend Help to Fisker Automotive

Fisker

Bloomberg - January 31, 2013

Wanxiang Group received approval from the federal government’s Committee on Foreign Investment in the United States to acquire most of the assets of lithium-ion battery maker A123 Systems. Wanxiang has also said that it wants to support Fisker Automotive, a struggling partner of A123 which has used the li-ion battery in its Fisker Karma plug-in hybrid sports car. Fisker recently approached Wanxiang, but neither company would comment.