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Why Chinese Companies Backed Away from Buying Fisker Automotive

Poor Fisker. Its founder fled the sinking ship, and its last hope, a Chinese bailout, will also not come to pass. Neither Geely nor Dongfeng, the two Chinese automakers who expressed an interest in buying Fisker, are interested now.

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Geely thought Fisker had its own intellectual property, according to a top Chinese executive at a foreign automaker owned by a Chinese company. After delving into the matter more, however, Geely learned that “Fisker does not really have many technologies in its hand and its suppliers have most of the technology,” the executive told PluginCars.com. And as a top Asia executive at a multinational supplier pointed out, Volvo, which is owned by Geely, does in fact have EV technology. So why buy Fisker?
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