Posts Tagged: Karma Automotive

Karma owner Wanxiang to build major new EV plant in China

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… Read more »

Karma announces supply agreement with BMW

Karma Automotive (formerly Fisker) has announced that BMW will supply a wide range of hybrid and EV components, including high-voltage battery charging systems, for Karma’s new vehicle that’s now in development. Karma will integrate BMW components into its flagship PHEV, which it plans to re-launch in 2016. The company says it already a next generation… Read more »

Under new Chinese owners, A123 finds promising niche in micro-hybrid market

Most Charged readers will certainly remember A123, the company that was founded in 2001 on the basis of promising battery technology developed at MIT; received a $249-million grant from the DOE and $100 million in tax breaks from the state of Michigan; raised $380 million in a 2009 IPO; made a bad bet on Fisker… Read more »

Karma is Fisker is Karma: The Luxury PHEV company rebrands and continues hiring

Fisker Automotive, the maker of the star-crossed plug-in hybrid sports car called the Karma, has now changed its name to Karma Automotive. The Fisker story has been colorful, and mostly tragic, since renowned designer Henrik Fisker co-founded the company in 2007. It was involved in a lawsuit with Tesla, became an issue in the 2012… Read more »