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Wanxiang America

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uuid00093bu

Namestring
Wanxiang America
Legal namestring
Wanxiang America Corporation
Company typeenum
Private
Founded yearint
1993
Descriptiontext

Wanxiang America Corporation is the US subsidiary of Wanxiang Group, the Chinese automotive components conglomerate founded in 1993. Headquartered in Elgin, Illinois with 51-100 employees, the company supplies North American automotive OEMs with wheel hub assemblies and related components, operating a B2B enterprise sales model with undisclosed unit pricing and long-standing supplier qualifications. Through its subsidiary Wanxiang A123 Systems Corp., the company has extended into battery and stationary energy storage, including the Star Series of semi-solid-state batteries and the Star River Series of immersion-cooling energy storage systems, with an embedded AI-powered wireless battery management system that performs pressure sensing and thermal runaway detection. The energy storage line is targeted at data center, outdoor cabinet, and broader infrastructure customers, representing a deliberate diversification beyond the legacy automotive OEM customer base. Recent regulatory friction — including a $53 million DOJ settlement in December 2025 for customs misclassification and active participation in tariff litigation alongside Costco and other importers — introduces a known compliance overhang on what is otherwise a strategically repositioning industrial business.

Short descriptiontext

Wanxiang America Corporation is the Elgin, Illinois-based US arm of Chinese auto parts group Wanxiang, supplying wheel hub assemblies to automotive OEMs and, via A123 Systems, semi-solid-state batteries and immersion-cooling energy storage systems to data center and infrastructure customers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersElgin, United States
HQ citystring
Elgin
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
automotive components manufacturing, wheel hub assemblies, battery energy storage, immersion cooling systems, automotive parts distribution
Industry1 code
1Wheels, Tires, Brakes & Suspension Components Manufacturing
CodeIMACAOAHPrimaryYes
NAICS code2 codes
  • Motor Vehicle Electrical and Electronic Equipment Manufacturing336320
  • Motor Vehicle Brake System Manufacturing336340
SIC code2 codes
  • Motorcycles, Bicycles & Parts3751
  • Electronic Components, Nec3679
Product category
Automotive Components Manufacturing
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Auto Parts Manufacturing and Distribution
TypeHardware Sales
Description

Manufacturing and distribution of automotive components including wheel hub assemblies and other auto parts to the U.S. market, subject to customs and anti-dumping tariffs.

marketscreener.com
2Battery and Energy Storage Systems
TypeHardware Sales
Description

Sale of semi-solid-state battery cells and energy storage solutions through Wanxiang A123 Systems subsidiary, targeting data centers, outdoor cabinets, and modular container applications.

prnewswire.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Wanxiang America Corporation manufactures and distributes automotive components, including wheel hub assemblies and other auto parts, to OEM and after-market customers in the United States. Through its wholly-owned subsidiary Wanxiang A123 Systems Corp., the company also sells semi-solid-state battery cells (Star Series) and immersion cooling energy storage systems (Star River Series) integrated with an AI-powered wireless battery management system for data center, outdoor cabinet, and modular container applications.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 40% improvement in cycle life compared to industry averages for energy storage systems
+2 more records
Product overview1 text field

Wanxiang A123 Systems Corp., a subsidiary of Wanxiang, offers a comprehensive energy storage platform comprising two distinct product lines: the Star Series semi-solid-state battery cells and the Star River Series immersion cooling energy storage solutions. The Star Series provides the core battery technology with advanced safety features including 10-needle puncture resistance, while the Star River Series delivers the complete energy storage system with immersion cooling integration. Both product lines share AI-powered wireless BMS technology with thermal runaway detection capabilities, enabling deployment across data centers, outdoor cabinets, and modular container applications. The platform represents the world's first integration of semi-solid-state battery technology with immersion cooling.

Product and service3 records
1Wheel Hub Assemblies and Automotive Components
CategoryAutomotive Components
Description

Manufactured automotive components including wheel hub assemblies and other auto parts supplied to U.S. original equipment manufacturers and after-market distributors. Source material notes anti-dumping tariffs on these components have reached nearly 93%.

2Star Series Semi-Solid-State Battery Cells
CategoryBattery Cells
Description

Semi-solid-state battery cells featuring advanced safety performance, validated through a 10-needle puncture test with no fire, explosion, or thermal propagation, targeted at data center, outdoor cabinet, and modular container energy storage applications.

3Star River Series Immersion Cooling Energy Storage System
CategoryEnergy Storage Systems
Description

Energy storage system utilizing immersion cooling technology with over 10,000 cycle life at room temperature and approximately 15% lower Levelized Cost of Energy versus industry averages, paired with an AI-powered wireless BMS featuring pressure-sensing thermal runaway detection for data center, outdoor cabinet, and modular container deployments.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierRegulatory ResolutionTypeOthers
Description

Wanxiang America reached a $53 million settlement with the DOJ to resolve allegations of customs misclassification of wheel hub assemblies to evade antidumping duties. This represents a regulatory/compliance resolution rather than a commercial partnership.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Dana is a U.S.-headquartered tier-1 automotive supplier specializing in drivetrain, sealing, and thermal-management components including wheel-end solutions. Highly comparable to Wanxiang America's wheel hub assembly and OEM auto parts business, with overlapping customer base among North American OEMs.

TypeDirect peer
Description

AAM manufactures drivetrain, metal-forming, and chassis components including wheel hubs and axle assemblies for OEMs and the aftermarket. Directly comparable in product portfolio and customer base, serving similar North American automotive programs.

TypeBroad incumbent
Description

BorgWarner is a large global automotive supplier with a broad portfolio across powertrain, drivetrain, and battery systems. Comparable as an incumbent tier-1 serving overlapping OEM customers and increasingly competing in vehicle electrification — overlapping with Wanxiang America's electrification ambitions via A123.

TypeBroad incumbent
Description

Magna is a diversified global automotive supplier with body, chassis, powertrain, and energy storage operations. Relevant as a broad incumbent competing across Wanxiang America's wheel/chassis business and increasingly in battery enclosures and ESS-adjacent products.

TypeDirect peer
Description

Linamar manufactures precision metallic components, driveline systems, and e-machine/energy storage products serving automotive OEMs. Comparable on both the legacy metal-formed auto parts side and the energy storage components side of Wanxiang America's business.

TypeDirect peer
Description

Fluence is a pure-play stationary energy storage system integrator using lithium-ion battery cells and software for grid and commercial applications including data centers. Directly comparable to Wanxiang A123's Star River Series as a competing ESS platform targeting data center and infrastructure customers.

TypeBroad incumbent
Description

CATL is the world's largest battery manufacturer, supplying cells and integrated ESS solutions globally including to data center customers. Relevant as the dominant incumbent whose cell technology Wanxiang A123 is seeking to differentiate against with semi-solid-state chemistry.

TypeDirect peer
Description

EnerSys manufactures industrial batteries and energy storage solutions for data centers, telecom backup, and motive power applications. Comparable as a supplier of long-life, safety-focused battery systems to the same data center and infrastructure customer base Wanxiang A123 targets.

TypeBroad incumbent
Description

Tesla Energy (Megapack) is a leading stationary energy storage platform with significant data center customer adoption. Relevant as a competitor defining the data center ESS category Wanxiang America is entering, with similar cycle-life and integration focus.

TypeEmerging player
Description

ESS Inc. develops long-duration iron flow battery storage for commercial and utility-scale applications, including data center deployments. Comparable as an emerging player pursuing safety- and longevity-differentiated energy storage for similar end customers, validating the market Wanxiang A123 is targeting.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment7 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Wanxiang America

Automotive Components Manufacturingwanxiang.com

Wanxiang America Corporation is the Elgin, Illinois-based US arm of Chinese auto parts group Wanxiang, supplying wheel hub assemblies to automotive OEMs and, via A123 Systems, semi-solid-state batteries and immersion-cooling energy storage systems to data center and infrastructure customers.

What Wanxiang America does

Wanxiang America Corporation is the US subsidiary of Wanxiang Group, the Chinese automotive components conglomerate founded in 1993. Headquartered in Elgin, Illinois with 51-100 employees, the company supplies North American automotive OEMs with wheel hub assemblies and related components, operating a B2B enterprise sales model with undisclosed unit pricing and long-standing supplier qualifications. Through its subsidiary Wanxiang A123 Systems Corp., the company has extended into battery and stationary energy storage, including the Star Series of semi-solid-state batteries and the Star River Series of immersion-cooling energy storage systems, with an embedded AI-powered wireless battery management system that performs pressure sensing and thermal runaway detection. The energy storage line is targeted at data center, outdoor cabinet, and broader infrastructure customers, representing a deliberate diversification beyond the legacy automotive OEM customer base. Recent regulatory friction — including a $53 million DOJ settlement in December 2025 for customs misclassification and active participation in tariff litigation alongside Costco and other importers — introduces a known compliance overhang on what is otherwise a strategically repositioning industrial business.

Wanxiang America firmographics

Firmographics
Name
Wanxiang America
Legal name
Wanxiang America Corporation
Website
http://wanxiang.com
Company type
Private
Founded year
1993
Operating status
Operating
Headcount range
51–100 employees
Short description
Wanxiang America Corporation is the Elgin, Illinois-based US arm of Chinese auto parts group Wanxiang, supplying wheel hub assemblies to automotive OEMs and, via A123 Systems, semi-solid-state batteries and immersion-cooling energy storage systems to data center and infrastructure customers.
Ownership category
akta.pro rank

Wanxiang America industry classification

Industry
Product category
Automotive Components Manufacturing
NAICS
Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor Vehicle Brake System Manufacturing (336340)
SIC
Motorcycles, Bicycles & Parts (3751), Electronic Components, Nec (3679)
akta.pro primary industry
Wheels, Tires, Brakes & Suspension Components Manufacturing (IMACAOAH)

Keywords

  • Automotive components manufacturing
  • Wheel hub assemblies
  • Battery energy storage
  • Immersion cooling systems
  • Automotive parts distribution

Where Wanxiang America is headquartered

Location

Headquarters

HQ city
Elgin
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Wanxiang America business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Auto Parts Manufacturing and Distribution: Manufacturing and distribution of automotive components including wheel hub assemblies and other auto parts to the U.S. market, subject to customs and anti-dumping tariffs.
  2. Battery and Energy Storage Systems: Sale of semi-solid-state battery cells and energy storage solutions through Wanxiang A123 Systems subsidiary, targeting data centers, outdoor cabinets, and modular container applications.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Wanxiang America product offering

Product offering

Core offering

Wanxiang America Corporation manufactures and distributes automotive components, including wheel hub assemblies and other auto parts, to OEM and after-market customers in the United States. Through its wholly-owned subsidiary Wanxiang A123 Systems Corp., the company also sells semi-solid-state battery cells (Star Series) and immersion cooling energy storage systems (Star River Series) integrated with an AI-powered wireless battery management system for data center, outdoor cabinet, and modular container applications.

Product overview

Wanxiang A123 Systems Corp., a subsidiary of Wanxiang, offers a comprehensive energy storage platform comprising two distinct product lines: the Star Series semi-solid-state battery cells and the Star River Series immersion cooling energy storage solutions. The Star Series provides the core battery technology with advanced safety features including 10-needle puncture resistance, while the Star River Series delivers the complete energy storage system with immersion cooling integration. Both product lines share AI-powered wireless BMS technology with thermal runaway detection capabilities, enabling deployment across data centers, outdoor cabinets, and modular container applications. The platform represents the world's first integration of semi-solid-state battery technology with immersion cooling.

Differentiator

Problem solved

Functional benefit

Products and services

  • Wheel Hub Assemblies and Automotive Components Manufactured automotive components including wheel hub assemblies and other auto parts supplied to U.S. original equipment manufacturers and after-market distributors. Source material notes anti-dumping tariffs on these components have reached nearly 93%.
  • Star Series Semi-Solid-State Battery Cells Semi-solid-state battery cells featuring advanced safety performance, validated through a 10-needle puncture test with no fire, explosion, or thermal propagation, targeted at data center, outdoor cabinet, and modular container energy storage applications.
  • Star River Series Immersion Cooling Energy Storage System Energy storage system utilizing immersion cooling technology with over 10,000 cycle life at room temperature and approximately 15% lower Levelized Cost of Energy versus industry averages, paired with an AI-powered wireless BMS featuring pressure-sensing thermal runaway detection for data center, outdoor cabinet, and modular container deployments.

Quantifiable outcome

  • 40% improvement in cycle life compared to industry averages for energy storage systems
  • +2 more outcomes

Companies that use Wanxiang America

Customer profile

Segments2 records

Ideal customer profiles2 records

Wanxiang America technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Wanxiang America partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Department of Justiceregulatory resolutionOthersWanxiang America reached a $53 million settlement with the DOJ to resolve allegations of customs misclassification of wheel hub assemblies to evade antidumping duties. This represents a regulatory/compliance resolution rather than a commercial partnership.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Wanxiang America competitors and assessment

Company assessment

Direct peers

  • Dana Incorporated: Dana is a U.S.-headquartered tier-1 automotive supplier specializing in drivetrain, sealing, and thermal-management components including wheel-end solutions. Highly comparable to Wanxiang America's wheel hub assembly and OEM auto parts business, with overlapping customer base among North American OEMs.
  • American Axle & Manufacturing: AAM manufactures drivetrain, metal-forming, and chassis components including wheel hubs and axle assemblies for OEMs and the aftermarket. Directly comparable in product portfolio and customer base, serving similar North American automotive programs.
  • Linamar Corporation: Linamar manufactures precision metallic components, driveline systems, and e-machine/energy storage products serving automotive OEMs. Comparable on both the legacy metal-formed auto parts side and the energy storage components side of Wanxiang America's business.
  • Fluence Energy: Fluence is a pure-play stationary energy storage system integrator using lithium-ion battery cells and software for grid and commercial applications including data centers. Directly comparable to Wanxiang A123's Star River Series as a competing ESS platform targeting data center and infrastructure customers.
  • EnerSys: EnerSys manufactures industrial batteries and energy storage solutions for data centers, telecom backup, and motive power applications. Comparable as a supplier of long-life, safety-focused battery systems to the same data center and infrastructure customer base Wanxiang A123 targets.

Broad incumbents

  • BorgWarner: BorgWarner is a large global automotive supplier with a broad portfolio across powertrain, drivetrain, and battery systems. Comparable as an incumbent tier-1 serving overlapping OEM customers and increasingly competing in vehicle electrification — overlapping with Wanxiang America's electrification ambitions via A123.
  • Magna International: Magna is a diversified global automotive supplier with body, chassis, powertrain, and energy storage operations. Relevant as a broad incumbent competing across Wanxiang America's wheel/chassis business and increasingly in battery enclosures and ESS-adjacent products.
  • CATL (Contemporary Amperex Technology): CATL is the world's largest battery manufacturer, supplying cells and integrated ESS solutions globally including to data center customers. Relevant as the dominant incumbent whose cell technology Wanxiang A123 is seeking to differentiate against with semi-solid-state chemistry.
  • Tesla (Energy): Tesla Energy (Megapack) is a leading stationary energy storage platform with significant data center customer adoption. Relevant as a competitor defining the data center ESS category Wanxiang America is entering, with similar cycle-life and integration focus.

Emerging players

  • ESS Inc. ESS Inc. develops long-duration iron flow battery storage for commercial and utility-scale applications, including data center deployments. Comparable as an emerging player pursuing safety- and longevity-differentiated energy storage for similar end customers, validating the market Wanxiang A123 is targeting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Wanxiang America social profiles

Digital presence

Wanxiang America financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Wanxiang America leadership team

Management profile

Number of profiles

Profiles2 records

Wanxiang America subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Wanxiang America funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Wanxiang America M&A and investment

M&A and investment

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wanxiang America

What does Wanxiang America do?

Wanxiang America Corporation manufactures and distributes automotive components, including wheel hub assemblies and other auto parts, to OEM and after-market customers in the United States. Through its wholly-owned subsidiary Wanxiang A123 Systems Corp., the company also sells semi-solid-state battery cells (Star Series) and immersion cooling energy storage systems (Star River Series) integrated with an AI-powered wireless battery management system for data center, outdoor cabinet, and modular container applications.

Is Wanxiang America a public or private company?

Wanxiang America is a private company. It is classified as corporate owned and is currently operating.

When was Wanxiang America founded?

Wanxiang America was founded in 1993. It employs 51 to 100 people.

Where is Wanxiang America based?

Wanxiang America is headquartered in Elgin, United States, in the North America region.

How does Wanxiang America make money?

Two revenue lines are on record. Auto Parts Manufacturing and Distribution is the primary driver. The others are battery and Energy Storage Systems.

Who are Wanxiang America's main competitors?

Direct peers on record are Dana Incorporated, American Axle & Manufacturing, Linamar Corporation, Fluence Energy and EnerSys. Broad incumbents are BorgWarner, Magna International, CATL (Contemporary Amperex Technology) and Tesla (Energy). ESS Inc. is listed as an emerging player.

Does Wanxiang America have an API?

No public API is recorded for Wanxiang America.

What industry is Wanxiang America in?

Wanxiang America's product category is Automotive Components Manufacturing. Its primary akta.pro industry code is IMACAOAH, Wheels, Tires, Brakes & Suspension Components Manufacturing. Its NAICS code is 336320 and its SIC code is 3751.

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Live signals
JD SupraNew Head of DOJ Trade Fraud Task Force Signals Aggressive Enforcement ShiftOn February 23, 2026, DOJ Criminal Division Senior Counsel Cody Matthew Herche delivered his first formal remarks as Head of the Trade Fraud Task Force at a conference in Arlington, Virginia, announcing a 'fundamental shift' toward criminal enforcement, individual accountability, and expanded interagency partnerships in trade fraud cases. The DOJ reported record False Claims Act recoveries of $6.8 billion in 2025, with $140 million recovered from trade fraud specifically and multiple large settlements pending, while Herche warned that companies with compliance gaps face heightened criminal exposure and that trade fraud will no longer be treated as merely the cost of doing business. Herche cited recent enforcement actions including a $53 million settlement with Wanxiang America Corporation for customs misclassification, a guilty plea by Global Plastics' former CEO to smuggling charges, and civil/criminal resolutions with Hino Motors involving falsely certified engines, while urging the business community to conduct immediate supply chain risk assessments and consider voluntary disclosure.Mayer BrownNew Head of DOJ Trade Fraud Task Force Signals Aggressive Enforcement ShiftOn February 23, 2026, Department of Justice Trade Fraud Task Force Head Cody Matthew Herche delivered his first formal remarks at a conference in Arlington, Virginia, announcing a 'fundamental shift' toward criminal investigations and prosecutions for trade fraud, emphasizing individual accountability and expanded interagency partnerships. The DOJ reported record False Claims Act recoveries of $6.8 billion in 2025 and highlighted specific enforcement cases including a $53 million settlement with Wanxiang America Corporation for misclassifying wheel hub assemblies to evade antidumping duties. Herche warned companies with international supply chains to assess exposure risk and strengthen compliance programs, signaling that the DOJ will no longer treat trade fraud penalties as merely a cost of doing business.MarketScreenerWanxiang to pay $53 million to resolve US probe into imported Chinese auto parts, DOJ saysThe Justice Department reached a $53 million settlement with Wanxiang America, the U.S. arm of Chinese auto parts supplier Wanxiang, resolving a nearly 10-year investigation into import tariff violations. The settlement requires Wanxiang to pay all lost tariff revenue plus over $30 million in civil penalties, after the company was found to have falsely classified wheel hub assemblies and failed to disclose they were subject to a 1987 anti-dumping tariff order resulting in tariffs of nearly 93%. The U.S. government first demanded payment in 2019 of nearly $100 million in back tariffs and penalties after launching an audit in 2012, eventually filing suit in 2022.PR NewswireASIAN HALL OF FAME ANNOUNCES 2023 INDUCTEESAsian Hall of Fame announced its 2023 inductees, a group representing 4 billion people from 33 countries, including Dr. Lisa T. Su (AMD CEO), Annie Young-Scrivner (Wella Company CEO), Pin Ni (Wanxiang America Founder & President), and corporate inductee Nintendo. The induction ceremony is scheduled for October 21, 2023, at Biltmore Los Angeles, with festivities benefitting the Fellowship Academy workforce development program for diversity youth, ASD fellows, and human trafficking survivors.PR NewswireChina Institute Offers a Pragmatic Way Forward for the U.S. and ChinaThe China Institute announced its Executive Summit (October 13-15, 2020), a virtual event bringing together American and Chinese business leaders and policymakers to discuss strategies for navigating challenges in U.S.-China relations ahead of the U.S. election. The summit will feature keynote speakers including State Counsellor Guangyao Zhu, former Michigan Governor Rick Snyder, and executives from major companies such as PAG Group, Sinovation, and Wanxiang America. Proceeds from the event benefit the China Institute, a non-profit organization founded in 1926 that focuses on fostering understanding of China.Business InsiderThe original archnemesis of the Tesla Model S is back — here's what it's like to driveThe Fisker Karma, once Tesla's rival, has returned as the Karma Revero after Fisker Automotive went bankrupt in 2013. Wanxiang America bought Fisker's assets for $150 million, and the 2018 Revero starts at $130,000, topping out near $140,000.Business InsiderThe original Tesla Model S rival has returned, and it's as stunning as everThe Fisker Karma, once Tesla's rival, has returned as the Karma Revero after Fisker Automotive went bankrupt in 2013. Wanxiang America bought the IP for $150 million, and the 2018 Revero starts at $130,000, topping out near $140,000.