Chinese carmaker Geely is one of two companies said to be on a shortlist to partner with American electric carmaker Fisker.
According to Chinese media reports, the four local companies have been linked to a possible deal with Fisker, although only Geely and the state-owned Dongfeng’s involvement have been leaked to the media.
Furthermore, Geely is said to be the preferred candidate that also scored points on its foreign mergers and acquisitions, including Volvo in 2010 and an Australian gearbox manufacturer.
Fisker manufactures the Karma electrical plug-in sports car although it has faced a series of problems, including the loss of more than 300 cars at a New Jersey port in the US during October 2012’s Hurricane Sandy.
Two years ago Fisker unveiled its products at the Shanghai auto show and contracted China Grand Automotive to distribute the cars on the Chinese market.
Henri Meistre, MD of Geely South Africa said: ‘If Geely is successful, a closer integration can be expected within Geely and Volvo, possibly even European production via 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.’