Wanxiang Group May Extend Help to Fisker Automotive
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.


