Geely auto to partner Fisker?

2013-03-05 09:59

Chinese automaker Geely believes it is the preferred candidate on a shortlist to partner promising US electric automaker Fisker.

Four Chinese companies have reportedly been talking to Fisker but only the Geely and the state-owned Donfeng have been leaked to the media.

According to Chinese media reports Geely seems to be the preferred candidate because it is a private company. Donfeng, a state-owned entity, is expected to be too slow to react to market demands.


In 2010 Geely acquired Volvo and an Australian gearbox manufacturer. Fisker, which produces the Karma electric plug-in sports car, has been facing a series of challenges, among them battery supply and cash flow issues.

The automaker is also reeling from an insurance problem stemming from the loss of 300 cars at a New Jersey port in the US during October 2012’s hurricane Sandy.

Fisker has yet to sell a vehicle in China but local automakers were showing interest in its luxury energy-efficient cars.

Henri Meistre, MD of Geely South Africa, said: “If Geely is successful, a closer integration can be expected between Geely and Volvo, possibly even European production from an existing Volvo plant.

“Geely might wish to use some of the Fisker technology in its own cars but we don’t expect to see Fisker production in China any time soon.”