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Posts Tagged ‘Karma Automotive China’

Fisker Plug-In Makes Formal Return as Karma Revero

Price jumps to $130,000.

by on Sep.09, 2016

The new Karma Revero retains the same, timeless exterior styling of its predecessor with a few welcome tweaks and can be had for $130,000.

There’ve been plenty of brands that have gone out of production in recent years – think Plymouth, Mercury, Pontiac and Saturn. It’s a rare marque that can come back from the dead, but that’s what happening with Fisker Automotive, the California-based maker of the sexy Karma plug-in hybrid.

All right, that’s not entirely accurate. The Fisker name is gone as the result of a messy 2013 bankruptcy. But the Karma lives on under a new Chinese owner. And to confuse matters a bit, that’s now the name of the company, with the car itself rebadged the Karma Revero.

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In its original form, the long-nosed plug-in drew some high-profile, green-minded buyers, including celebrity actor/activist Leonardo DiCaprio. Whether buyers will turn out with cash for the reborn Revero remains to be seen, especially as they’ll be asked to pay $130,000, or 26% more than for the original Karma. (more…)

Karma Automotive Stakes Claim in China with New Plant

Company's first U.S. offering debuts in September.

by on Aug.09, 2016

The original Fisker Karma appears to be the basis for the new Karma Revero, set to debut next month.

The race to take advantage of the Chinese government’s plans to clean up its air by incentivizing automakers to build electric vehicles there just got one more competitor: Karma Automotive.

The company plans to build a $375 million EV plant in Hangzhou, China, according to the company’s application for an environmental impact review posted on its website. The factory will have capacity to manufacture 50,000 cars a year.

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Karma is owned by Wanxiang Group, founded by Chinese billionaire Lu Guanqiu. The company, which also has operations in the U.S. and expected to be unveiled to the media this summer with production to come sooner after. No model has been shown yet. (more…)