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Karma Automotive

From Wikipedia, the free encyclopedia

Karma Automotive
Private
IndustryAutomotive
PredecessorFisker Automotive
Founded2015
FounderHenrik Fisker
Headquarters,
Key people
Liang Zhou (CEO)
Products
OwnerWanxiang Group
Number of employees
625 (2016)[1]
WebsiteKarmaAutomotive

Karma Automotive is an American luxury electric car automaker. The company is based in Irvine, California[2] with manufacturing operations in Moreno Valley, California.[3] It is owned by Chinese automotive supply company Wanxiang Group.

History

In February 2014, Chinese auto-parts supplier Wanxiang Group purchased assets of Fisker Automotive for $149.2 million in a bankruptcy auction. These assets included design, a plug-in hybrid powertrain, and a manufacturing facility in Delaware.[1][4][5] Karma Automotive was formed in October 2015.[5]

The purchase excluded the Fisker brand and trademarks owned by Henrik Fisker. In 2007, Fisker Automotive was founded by Henrik Fisker and his business partner Bernhard Koehler.[5] Its Fisker Karma plug-in hybrid sports sedan debuted in 2011, and about 2,000 of the vehicles were sold.[5] After Fisker's battery supplier A123 Systems filed for bankruptcy after two battery recalls, Fisker Automotive could not continue making vehicles, and the company declared bankruptcy in February 2014.[5][6] Wanxiang also purchased A123 following its bankruptcy declaration.[7] In early 2016, Karma Automotive enlisted a straw buyer in an attempt to reverse engineer technology from a parts supplier and former employee.[8]

Models

Production models

Revero

The Revero is a luxury electric hybrid sedan based on the Fisker Karma, maintaining much of the original exterior and interior of the Fisker Karma, incorporating an A123 battery, charger and electrical controls.[1][4][9] Karma CRO Jim Taylor stated that this was intentional, as the company believes the original Fisker Karma still holds much appeal for consumers.[10] The company began building the Revero[11] in 2016 at its factory in Moreno Valley, California, with production set to begin in late 2016 or early 2017. The Revero debuted on September 8, 2016.[12] Karma plans to manufacture 3,000 of the vehicles.[1][4][10] Exclusivity is another part of the Revero story with Karma's hopes to build close to 150 cars in 2018, and in the 200 to 300 range of cars in 2019.[13] On April 11, 2019, Karma Automotive issued a recall and stop-sale order on all Revero vehicles, due to a flaw in the roll over sensors which would disable the side-curtain airbags.[14]

Pininfarina GT

The Karma Pininfarina GT is a range-extender luxury electric hybrid coupe, based on the 2020 Revero chassis with a body by Pininfarina. It was introduced at the 2019 Shanghai Auto Show.[15][16]

Concept cars

SC1 Vision

The Karma SC1 Vision is a roofless scissor-doored working fully electric sports car concept. It was introduced at the 2019 Shanghai Auto Show.[17]

SC2 Concept

The Karma SC2 Concept is a scissor-doored working fully electric sports car concept. It was unveiled on the eve of the 2019 Los Angeles Auto Show.[18]

See also

References

  1. ^ a b c d Kirsten Korosec, "Karma Automotive's Rapid Growth Prompts Move to a New Home," Fortune, August 26, 2016.
  2. ^ "Karma Automotive moves into its new Irvine HQ, and it’s hiring," OC Register, October 26, 2017.
  3. ^ "Karma Automotive cranks out $130,000 cars in Moreno Valley". June 5, 2017. Retrieved August 4, 2019.
  4. ^ a b c Charles Fleming, "Karma comes around again: California's newest car factory aims to rival Tesla," Los Angeles Times, June 17, 2016.
  5. ^ a b c d e Jim Gorzelany, "Specialty Carmaker Fisker Reborn As Karma Automotive," Forbes, September 30, 2015.
  6. ^ Angela Greiling Keane, "Fisker to Sell Assets in Bankruptcy at $139 Million Loss," Bloomberg Businessweek, November 22, 2013.
  7. ^ Michael Bathon, "Wanxiang Wins U.S. Approval to Buy Battery Maker A123," Bloomberg Businessweek, January 29, 2013.
  8. ^ Torchinsky, Jason. "The Bewildering Story Of How Karma Funded A 'Spy Car' To Maybe Steal A Startup's Tech".
  9. ^ Mike Ramsey, "Karma Automotive Renames Updated Electric Car, Moves Production to U.S.," Wall Street Journal, April 25, 2016.
  10. ^ a b "Karma Automotive Revero revealed," Fox News, August 11, 2016.
  11. ^ Benjamin Zhang, "Karma Revero EV: Pictures, details, specs 2018," Business Insider January 8, 2018.
  12. ^ Darrell Etherington, "Karma Revero hybrid electric sports car revealed, complete with solar roof," TechCrunch, August 11, 2016.
  13. ^ Jon Wong, "2017 Karma Revero Release Date, Price and Specs - Roadshow," CNET September 5, 2017.
  14. ^ Jake Holmes, "Karma Revero recalled because airbag rollover sensors were disabled" CNET April 22, 2019.
  15. ^ Anthony Kerr (April 16, 2019). "Karma Debuts Beautiful Pininfarina-Designed Electric Coupe". Motor 1.
  16. ^ Vijay Pattni (April 16, 2019). "Check out Karma's new Pininfarina-designed GT car". Top Gear.
  17. ^ Vijay Pattni (April 16, 2019). "Karma has built an electric scissor-doored hypercar". Top Gear.
  18. ^ Cole, Craig (November 19, 2019). "Karma SC2 concept car has 1,100 hp". CNET. Retrieved January 2, 2020.

External links

This page was last edited on 26 September 2020, at 22:03
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