Giant Chinese auto parts manufacturer, Wanxiang, wins bid for Fisker
Wanxiang America Inc., US arm of China's largest auto component manufacturer was awarded by US bankruptcy judge with their bid for Fisker. Along with buying bankrupt battery supplier A123 Systems, Wanxiang has quickly acquired multiple EV patents, plugin hybrid, aluminum subframe manufacturing and solar-car technology patents. Their global strategy have gained them an important foothold in the North American market (by buying troubled US auto tech companies) and might even resume Karma sedan production. Wanxiang, thats "wang-shung".
Wanxiang Wins Bidding For Fisker Automotive - WSJ.com
lol.