Fisker May Be Looking For Chinese Funding; Hasn’t Built A Car In 6 Months

In light of several setbacks, Fisker Automotive is weighing options of seeking funding from Chinese auto interests, and reportedly hasn’t assembled any of its extended-range electric Karma sedans in the past six months.

According to Reuters, one of the Chinese firms is Wanxiang Group, the company that in December won an auction for bankrupt U.S. lithium-ion battery maker A123 Systems, Fisker’s primary battery supplier.

Fisker spokesman Roger Ormisher told Reuters only that the company is “in advanced talks with a number of potential strategic partners,” with possible developments announced in the next few months. Ormisher abstained from further comment on the matter.

Attempts to seek European funding late last year by Fisker CEO, Tony Posawatz, proved fruitless says Reuters, and so the next step was China. The Chinese government is setting about putting half a million electric vehicles in operation in the next few years, and Chinese automakers are aggressively seeking alternative fuel technologies in an effort to help meet this stated goal.

As for the build stoppage of the Karma, Ormisher told AutoblogGreen that this was the result of Fisker management wanting a new contract with workers at the Valmet plant in Finland – where the Karma is assembled – the timing of which coincided with the bankruptcy of A123 Systems.

“We took the prudent decision to conserve our battery stock, and we already have sufficient supply of Karmas through Q1 of this year,” Ormisher told AutoblogGreen. “By that time we hope to have renegotiated our battery supply with A123’s new owners Wanxiang.”

Reuters, AutoblogGreen

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