- Wanxiang was founded by Lu Guanqiu, who is the richest person in Zhejiang at $2.6B. He is virtually unknown in the West today. But this is a situation that is becoming common. A Chinese billionaire the West is basically unaware of snapping up US assets. Recall Wanda's recent purchase of AMC Theatres.
- Wanxiang offered $450M for A123 earlier this year.
- Wanxiang is still virtually unknown in the West. At this time there is not even a wikipedia entry for them.
Bloomberg article is here.