Electric-Car Maker Fisker Strikes Distribution Deal In China


AFP/Getty Images



By Jonathan Welsh

Fisker Automotive, a maker of high-end electric cars says it entered a partnership with China Grand Automotive Group, or CGA, a large dealership group, to have its vehicles distributed, marketed and serviced in China. The move is part of the company’s strategy to take advantage of China’s rapidly growing luxury-car market and its push to reduce emissions.

The Irvine, Calif., car maker says it formalized the non-exclusive agreement with executives from CGA during a ceremony near the Chinese company’s headquarters in Shanghai today. Fisker says CGA has a network of more than 200 retail stores that sell 40 auto brands including BMW, Lamborghini, Lexus and Mercedes-Benz. In 2010 the company’s sales totaled about $7.5 billion.

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