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Hong Kong magnate Richard Li rumored to have purchased Fisker


Hong Kong Billionaire Richard Li has been courting Fisker for quite some time, working with then CEO Henrik Fisker to try to buy the US department of energy loan back for pennies on the dollar back in May. Li also serves on the board of Fisker.

Now that the company is bankrupt, rumors are swirling that Richard Li won a bidding war and bought the company outright

Richard Li, the second son of Hong Kong business magnate Li Ka-shing, recently acquired US-based Fisker Automotive, with the aim of integrating the automobile business with information technology, reports Guangzhou’s 21st Century Business Herald.

Li was the only non-automaker bidder interested in the US company, but his background in the telecommunications business and his ability to develop the sector by manufacturing smart vehicles helped him beat out competitors. The younger Li is of the view that an integration of software and hardware will become a future trend in the IT sector and in the mobile services arena in particular.


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Avatar for Seth Weintraub Seth Weintraub

Publisher and Editorial Director of the 9to5/Electrek sites. Tesla Model 3, X and Chevy Bolt owner…5 ebikes and counting