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Wanxiang America Corp.'s $149.2 million bid came out on top in an auction of bankrupt Costa Mesa-based luxury hybrid automaker Fisker Automotive Inc.'s assets, according to a court document filed Friday.

The bid is about four times what Wanxiang, part of China-based auto parts company Wanxiang Group Corp., originally said it was willing to offer for Fisker.

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Wanxiang went up against Fisker's senior secured lender Hybrid Tech Holdings LLC, an affiliate of Hong Kong billionaire Richard Li, in the auction. Hybrid paid $25 million last year for Fisker's $168 million Department of Energy loan. The company had said it was willing to pay $55 million for Fisker.

Wanxiang bought Fisker battery supplier A123 Systems Inc. last year. Wanxiang said in a court filing this year that it plans to re-launch Fisker's Karma sedan in Finland and eventually move manufacturing to a Michigan plant owned by VL Automotive LLC. It also said in the filing it planned to begin production of a second Fisker model.

The auction's conclusion ends a multi-year saga that began with the automaker shopping for a potential buyer or partner in an effort to keep the company afloat. Those talks never resulted in a sale and the cash-strapped automaker filed for Chapter 11 bankruptcy in November.

A hearing to finalize the sale, originally scheduled for Friday, was moved to Tuesday.