万向集团Wanxiang Group
Wanxiang Group: what it holds, with stakes and dates
Facts checked
Wanxiang Group sits at the top of every ownership chain it appears in: this site records no holder above it. The table below lists what it holds, with the stake and the date each holding began.
The short answer
| Controlled by | nothing recorded above it — the top of the chain |
|---|---|
| Kind | company |
| Recorded holdings | 1 |
| Origin | CN |
| Name in Chinese | 万向集团 “wahn-SHYAHNG jee-twan” |
What Wanxiang Group holds
Every current holding recorded from Wanxiang Group downward: outright ownership, minority stakes, joint ventures and licences, each with the stake as the source states it and the date it began. A joint venture's percentage is a share of that venture, not of the partner.
| Holding | What it is | Share | Since | What the source says |
|---|---|---|---|---|
| Karma Automotive LLC | owns | 100% | February 2014 | The Hangzhou parts group Wanxiang bought Fisker Automotive's assets at a bankruptcy auction in February 2014 for US$149.2m and renamed the business Karma Automotive. The Fisker name and trademarks were excluded from the sale and stayed with Henrik Fisker, who later used them for a separate company. Karma builds cars at Moreno Valley, California. |
Related
Sources for Wanxiang Group
- Wikipedia, Karma Automotive. Read . Wanxiang's February 2014 purchase price and the exclusion of the Fisker name.