Billionaire Lu Guanqiu, who built China’s biggest auto parts company, says he has an edge over a rival bid for bankrupt US plug-in hybrid car maker Fisker Automotive, but would also welcome ties with Tesla Motors.
Wanxiang America will square off with Richard Li, a son of Hong Kong tycoon Li Ka-shing, at a February 12 auction for Fisker, a failed rival to Tesla in electric cars. California-based Fisker, backed by US taxpayer money, stopped making its sleek, Karma sports car in 2012 and filed for bankruptcy protection in November last year.
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