Wanxiang may help Fisker Automotive

2013-02-01 09:37:08 GMT2013-02-01 17:37:08(Beijing Time)  China Daily

Wanxiang Group Co, one of China's biggest parts makers, has said it is "in its interests" to help Fisker Automotive Inc, a luxury plug-in hybrid manufacturer, which is one of the main customers of a bankrupt battery supplier Wanxiang is buying.

However, President Pin Ni declined to say whether Wanxiang will invest in Fisker. Wanxiang received approval earlier this week from the Committee on Foreign Investment in the US to buy most of the assets of A123 Systems Inc, the battery maker backed with US government funds that filed for bankruptcy in October.

| PRINT | RSS
Editor:
Add Comment
Name
 
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.