Fisker Looks for Strategic Partners in China, Hasn’t Built a Car in Six Months

The Karma might look gorgeous but things aren’t looking very good for its maker, Fisker, right now. In 2012, despite having delivered some 2,000 Karmas, it’s had its federal loan frozen, issued a number of recalls on the Karma, saw its battery supplier, A123 Systems, go bankrupt and 16 of its cars being destroyed by hurricane Sandy and, to top it all, it hasn’t built a single car in the past six months.

So the company is looking for partners and investors. And what better place to turn to than a country that wants to acquire high-end EV technology? That would be China; according to a report from Reuters, Fisker’s top executives are trying to find a strategic partner that would help them get things started again.

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Fisker's New Atlantic Mid-Size Hybrid Reportedly Pushed Back to Late 2014 or 2015

Building a car company from scratch is quite an achievement. Deciding that your first product will be a US$100,000+ hybrid saloon is very bold. Launching it to the market means, you’ve arrived, even if it’s a little later than originally planned and your first-ever model faced some recall issues soon after its sales began.

Henrik Fisker did all of the above in four years. He knew very well though that you can’t sustain a company with a single model; especially one that costs more than US$100K. That’s why Fisker Automotive revealed the Atlantic, a mid-size petrol-electric hybrid, at the New York Show last April.

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