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US ‘green-car’ maker Fisker seeks salvation in China -sources

Fisker courts Asian investors as China bolsters EV goals

* Has talked to China Grand Automotive, Wanxiang -sources

* ‘Green’ car maker expects developments in next few months

* Fisker has not made a car in six months

BEIJING, Jan 11 (Reuters) – Top executives at Fisker

Automotive Inc, maker of the sleek Karma plug-in hybrid, are

scouring Asia – in particular, China – for funding and strategic

partners that are viewed as crucial to the automaker’s success,

four people familiar with the matter said.

Top brass of the Anaheim, California, company are expected

to attend next week’s Detroit auto show, a key industry event,

to keep tabs on the competition and talk to potential customers.

But behind the scenes, Fisker is preoccupied with a more

pressing task – courting investors after a tough year marred by

the rocky launch of its flagship Karma, the bankruptcy of its

battery supplier and an election season that turned the U.S.

government-backed company into a political punching bag.


The company has not built a car in six months.

A major driver of Fisker’s China focus is Beijing’s support

of local Chinese automakers’ efforts to acquire “green car”

technology from abroad. This is part of an effort by the

country’s central government to ramp up a market for electric

cars and plug-in hybrids in China before the end of this decade.

So far, Fisker has held talks with China Grand Automotive

Services Co, a large dealership group that already

has an agreement to distribute Fisker cars in China.


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