MORENO VALLEY, Calif. -- Fisker Automotive and Technology Group plans to revive production of its Fisker hybrid sports car in a new plant to be built in Southern California.
The city of Moreno Valley, in a statement, confirmed that Fisker planned to build a 555,670 square-foot factory in the municipality east of Los Angeles.
Fisker, which conducted a nationwide search for a U.S. production site, did not indicate when output would begin. Financial terms of the deal were not immediately available.
The city said the site will also feature a Fisker showroom and provide tours of the plant. About 150 jobs will be created as part of the project, the city said.
China's Wanxiang Group Corp. purchased the assets of the bankrupt Fisker Automotive Holdings Inc. for $149.2 million in 2014.
In February, Reuters reported that Wanxiang planned to relaunch the Fisker Karma hybrid in mid 2016.
Reuters, citing sources, said the company would rename the vehicle the Elux Karma. Wanxiang did not comment on the report.
Wanxiang, a major supplier of chassis components, is headquartered in the eastern China city of Hangzhou. Its American unit is based in Elgin, Ill., and operates plants in 13 states.