“Of course we want to pocket Fisker. But we will bid rationally. Whatever the result, nothing can stop us from making electric cars.”
Lu Guanqiu, founder of Wanxiang, is talking about his plans to enter the electric car-making business and that he will not bid for Fisker if the price is too high. Regardless from who will pocket the Fisker remains at the upcoming auction, Wanxiang said it will work on its relationship to Tesla.
“It’s easier to sell our buses and cars to Sao Paulo, California or Israel than in Beijing and Shanghai, and those places have better air than China. It’s disheartening as a Chinese to see how local interests are holding back the adoption of electric vehicles.”
Stella Li, senior vice president of BYD, complains about Shanghai after the company failed to receive incentives from the city’s latest air pollution initiative. Despite its offerings of free trials, it failed because the city favoured local companies, BYD said.