Fisker put production of its Karma plug-in hybrid on hold. Reason: It is running out of batteries. Bankrupt battery manufacturer A123 Systems has cut its output.
According to a Reuters report, Fisker has enough lithium-ion batteries on hand in case an owner needs a replacement, but that’s it.
A123 will be auctioned-off on December 6, and Fisker hopes to receive more clarity and hopefully batteries from the new owners.
Johnson Controls and China’s Wanxiang Group seem to be the main bidders. Other interested parties may be NEC of Japan and Germany’s Siemens. Says Reuters:
“The U.S. government said this week that A123 could not be sold without its consent. Fisker and A123 have both received funding under a federal program designed to create an advanced vehicle manufacturing base in the United States.”
The Chinese government already approved the purchase on A123 by Wanxiang.