GigaomChinese auto giant Wanxiang wins Fisker bid
Chinese auto parts giant Wanxiang has won a bid for electric car maker Fisker for $149 million, and a judge has approved it. Will they restart production of the Karma and… Read more »
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Chinese auto parts giant Wanxiang has won a bid for electric car maker Fisker for $149 million, and a judge has approved it. Will they restart production of the Karma and… Read more »
Fisker is the latest electric car maker to reach out to Chinese investors and auto tech giants for investment and acquisition. And it’s also the latest electric car company to struggle… Read more »
From the sidelines of the Detroit Auto Show, former GM Vice Chairman, Bob Lutz tells us about how the transition to electric cars will be gradual and a lot more sober… Read more »
Smith Electric Vehicles was hoping to raise capital through an initial public offering, but called off that plan and will turn to private capital instead. It’s the latest cleantech company that… Read more »
While Wanxiang is not a known name in the U.S., it’s one of China’s largest industrial parts makers and it’s making very aggressive bets on U.S. cleantech startups, some of which… Read more »
Chinese investors and the Chinese government are starting to aggressively fund U.S.-based cleantech startups. There’s been a half dozen of these deals in recent weeks and months, so I thought I’d… Read more »
Electric truck and van maker Smith Electric Vehicles has filed for an IPO that could potentially raise up to $125 million. The company, based in Kansas City, Mo. has long said… Read more »
Auto makers aren’t making much money (if any) off of electric cars yet. The same thing is true for the makers of the batteries that will run them. A123 System on… Read more »
Is the greentech industry headed for a breakout year, or is it retrenching for hard times to come? The first three months of 2011 provided evidence that could support both assertions… Read more »
Is it a good time to be an electric truck maker? The answer depends on who you ask. For Smith Electric Vehicles, it’s a resounding yes. But for Modec, which just… Read more »