China’s BAIC wants to buy Fisker Automotive

July 17, 2013 by Tycho de Feijter

China's BAIC wants to buy Fisker Automotive

China’s state-media are reporting in a very positive way about BAIC wanting to buy Fisker. The positive reporting indicates that state-owned BAIC has obtained permission by the Chinese government to make the move.

The Chinese government wants more electric vehicles on the road, preferably made by Chinese companies. BAIC is one of the biggest automotive conglomerates in China, but yet without any EV in production. The article says buying Fisker would be “a worthwhile shortcut” to obtain technology.

ChinaDaily reports:

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