Karma owner Wanxiang to build major new EV plant in China

Karma Revero

Wanxiang Group, the Chinese owner of Karma Automotive, has confirmed plans to build a $375-million plant in China to produce plug-in vehicles.

The plant, which will be built in Wanxiang’s headquarters city of Hangzhou, will be able to produce 50,000 extended-range electric cars a year, according to the company. A spokesman said Wanxiang has yet to decide whether the planned plant will build Karmas or other models for the Chinese market. No timeline has been announced.

Wanxiang Chairman Lu Guanqiu told the Wall Street Journal in April that Karma cars will be launched in the US in the second half of this year – now be built in Southern California – and that if they are well received by the US market, the company will bring Karma to China.

This week the company also revealed the first official images of the rebooted 2017 Karma Revero plug-in hybrid.

 

 

Source: Wall Street Journal