Wanxiang Qianchao acquires Fisker Automotive  [ China ]

Wanxiang Qianchao Co., Ltd. announced that it acquired Fisker Automotive, a manufacturer of new energy vehicles in the U.S., on March 21, 2014. Previously in 2013, Wanxiang Qianchao had bought A123 Systems that makes lithium-ion batteries. Acquiring Fisker is expected to further increase the Chinese company’s capability to develop and produce new-energy vehicles, especially passenger cars...