China& s hunger for electric car technology may give Fisker …

30 Мар 2014 | Author: | Комментарии к записи China& s hunger for electric car technology may give Fisker … отключены
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China s hunger for electric car may give Fisker a second

Karma on wheels. PRNewsFoto/Fisker via APImages

This article has corrected .

Fisker may have the hybrid car sometimes called the beautiful of the 21st century,” but hasn’t stopped it from on the verge of bankruptcy. Fortunately for the Tesla rival, help is on the as Reuters reports. in the form of an from ex-General Motors Bob Lutz and China’s largest of auto parts. Wanxiang

If accepted, it would be the latest in a of deals showing increased corporate interest in next-generation

Fisker, which was launched the clean tech boom inspired many in its short but history. That includes the US of Energy, which once in Fisker enough to lend it million. But as the company’s fortunes so did the DoE’s faith.

Lutz, on the other hand, is by its shaky finances. “I Fisker to live and succeed,” he wrote in Forbes. as he (almost) in favor of a US government bailout.

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And now has found fellow devotees in Group, which already Fisker’s bankrupt battery (paywall) in January, in a deal US lawmakers criticized for giving a company access to US military (In response, Wanxiang divested of the units with government Fisker’s future is far from though. Reuters reports a separate bid for its DoE debt obligationit owes $171 millionmay be on by Hong Kong tycoon Li and European investors.

Negotiations, which are separate the Lutz/Wanxiang offer, are ongoing.

Wanxiang is not the only Chinese sizing up US advanced car technology, batteries. This is understandable, that China is the world’s market for vehicles, and many it to soon become the largest for cars as well. But the country’s energy” car policy has so far failed to traction despite growing support. Honda chief Ito thinks Chinese consumers yet ready for expensive high-tech vehicles, valuing affordable instead.


He might be right. But if the Wanxiang/Lutz bid it will be another sign when China is ready for its companies will be too.

An earlier version of this said that Fisker had gone bankrupt. It has not.

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