Karma to Build Cars in China, Including Atlantic Small Sedan
It was only yesterday that we reported on the plans of Karma, an automaker owned by Chinese auto parts giant Wanxiang and born out of the remains of bankrupt Fisker Automotive, to sell an updated version of the Fisker Karma through franchised stores as well as its own “brand experience centers.”
To be called the Karma Revero, the updated extended-range electric sedan is set to be unveiled on September 8 and if all goes to plan should be in production at Karma’s plant in Moreno Valley, California by the end of the year.
Now we have a few more details on Karma’s future plans.
Bloomberg, citing a document filed by Wanxiang to gain production approval from the Chinese government, reports that Karma plans to build cars in China at a $375 million plant to be established in Hangzhou, in China’s Zhejiang province. The plans call for production of the Revero as well as the smaller Atlantic sedan first previewed by Fisker in 2012.
The Chinese plant is said to have an annual production capacity of 50,000 units and most of this capacity, 39,000 units according to the document, is earmarked for the Atlantic. The Atlantic, like the larger Revero it will share much of its technology with, will be an extended-range electric sedan. It was meant to be Fisker’s rival to Tesla Motors [NSDQ:TSLA] Model 3.
Karma, like many automakers, are keen to take advantage of the Chinese government’s incentives for “new energy vehicles,” which include extended-range electric cars like the Revero and Atlantic.