Karma Automotive Plans to Produce 50K Cars a Year in China
The reborn Fisker brand will be producing cars in China.
Now known as Karma Automotive, the once American electric automaker is now owned by China’s Wanxiang Group. The company plans to build an electric vehicle plant in Hangzhou, China, according to an application for an environmental impact review posted on its website. The proposed project will cost $375 million and the factory will have a capacity of 50,000 units per year.
Wanxiang Group acquired the bankrupt Fisker Automotive and has provided financial backing to bring the automaker back from the grave. The Chinese company plans to mainly produce on the Karma platform at the plant in China with 39,000 units set for the two-door Atlantic.
SEE ALSO: Fisker Karma Renamed to Karma Revero, Production Moving to US
Karma Automotive plans on bringing back the Atlantic concept car that never made it into production. The sedan once known as the Fisker Karma has been renamed the Karma Revero, and production of that model for the time being will be done in the U.S. It was also reported previously that the Karma Revero will use a new electric powertrain sourced from BMW, while mostly retaining the same overall design.
[Source: Bloomberg]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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