Industry News: Fisker Heads To China To Look For A Partner

[William Maley]

By William Maley

Staff Writer - CheersandGears.com

January 21, 2013

Last month, Fisker founder and Chairman Henrik Fisker said the company was looking for "potential strategic partners". The search has led the company to China. According to Reuters, Fisker is in talks with certain Chinese automakers.

Fisker's focus on China is due to the Chinese government's backing of local manufacturers in their efforts to acquire "green car" technology from abroad, as the government is trying to ramp up demand for electric cars and plug-in hybrids before the end of the decade.

Sources tell Reuters that Fisker has talked with China Grand Automotive Services Co, a large dealership group that has an agreement to distribute Fisker cars in China. Fisker has also talked with the Wanxiang Group, a Chinese supplier that had the winning bid for A123 Systems.

Sources say Fisker has also established contacts with a few other Chinese automakers and are expected to talk with them within the next few weeks.

"Fisker is in advanced talks with a number of potential strategic partners. We expect some exciting developments in the next few months," said Fisker spokesman Roger Ormisher in a email.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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[G. David Felt]

This is BAD news for them. China Companies will only steal their intellectual property. More American Technology going overseas due to Idiot Businessmen that can only see instant gratification rather than investing in this country long term.

Investment companies should be looking long term to make the technology part of the world standard and build it here for export.

This just shows even more how greedy the few at the company are and their lack of ability to look long term.

America WAKE UP!!! It is time to create, develop and grow new green technology long term here, not sell out to China.

[ocnblu]

If Fisker wasn't on life support before... now they're DEAD to me. What an a-hole! Hang him high!