HANGZHOU - Chinas leading auto-parts maker Wanxiang Group said Friday it plans to resume production at Fisker after it purchased the firm in a 149.2 million-dollar deal this week.
Wanxiang will restart production in the coming months at Fiskers manufacturing plant in Finland and then at a disused plant in Delaware, United States, which Fisker bought from General Motors in 2010, the company said.
A US court judge on Tuesday approved the deal in which Wanxiang purchased the bankrupt electric car maker based in California.
In the next 18 months, Wanxiang aims to sell at least 1,000 Karma vehicles in the US and 500 in Europe. Fisker once dubbed Karma as the "worlds first high performance electric luxury vehicle".
"Hybrid power cars have won recognition among consumers in the US, Europe and Japan, but the sale of such vehicles is still at the beginning in China," said Lu Guanqiu, founder and chairman of Wanxiang Group.
Wangxiang will focus on sales of hybrid power vehicles in the US and Europe, he added.
In early 2013, Wanxiang Group purchased bankrupt US battery-maker A123 Systems for about $250 million.
Wheelon Co., CNAIC All rights reserved.
Add:No.33, Fucheng Road, Haidian Dist., Beijing P.R. China 100048
Tel:+86-10-88561400 88560270 Fax: +86-10-88561149
web:http://www.wheelon.net e-mail: firstname.lastname@example.org, email@example.com
Co-organizers: China Association of Automobile Manufacturers
Society of Automotive Engineers of China