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25 07 2017 01

A joint venture between Henrik Fisker's new car company and an emerging battery supplier was unplugged before it could ever charge up.

Fisker Inc. and Nanotech Energy Inc. will not go forward with the JV called Fisker Nanotech to produce battery cells that use graphene for the forthcoming all-electric EMotion sedan, according to officials.

"In order to meet the timetable for Henrik Fisker, we would have had to just focus on that and that alone," Jack Kavanaugh, chairman and acting CEO of Nanotech Energy, who had been named to lead the joint venture, told Automotive News. "It wasn't right for us as a company to just focus on one thing."

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