Wanxiang may help supplier of recent buyout target
China Daily | Updated: 2013-02-01 15:43
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.
US approves Wanxiang's $257m purchase of A123
Wanxiang close to purchase US battery maker
China's Wanxiang wins A123 auction
Firm approved to bid for US battery maker
Related Stories
Most Viewed in 24 Hours
