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.



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