Share this article:

The sale of Costa Mesa-based luxury hybrid automaker Fisker Automotive Inc. has been completed, the company said Monday.

The luxury hybrid automaker said the deal for “substantially all” of its assets ended with a $150 million price tag to Wanxiang America Corp., which emerged as the winning bidder in Fisker’s bankruptcy auction.

Get the latest OC business and Coronavirus updates

Wanxiang America, part of China-based auto parts company Wanxiang Group Corp., bid against Fisker lender Hybrid Tech Holdings LLC in a February bankruptcy auction.

Hybrid bought Fisker’s $168 million Department of Energy loan last year for $25 million.

Wanxiang has said it would like to resume production of Fisker’s Karma sedan along with a second-generation vehicle model.