karma automotive

Karma Automotive decided to sue Lordstown Motors over what they allege is theft of technology.

It’s the latest drama in the electric vehicle industry, which has seen a spike in these kinds of lawsuits.

Karma Automotive has announced an $80,000 starting price for the upcoming all-electric version of the Revero, which used to be the Fisker Karma.

Karma is trying to reinvent itself as it goes all-electric with upcoming new vehicles powered by a new EV platform that they are teasing.
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Karma Automotive, formerly known as Fiske, today announced its plan for its first all-electric vehicle, a new version of the Revero sedan, with up to 400 miles of range scheduled for 2021.
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Karma Automotive, formerly known as Fisker, is working on their own electric pickup truck in order to compete with Tesla and Rivian in the electrification of this massively popular auto segment in the US.
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Karma Automotive, formerly known as Fisker, has unveiled its first all-electric car, a sports car with insane-looking doors, and the automaker describes the vehicle as a “statement about the direction of Karma’s future product offerings in both technology and design.”
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Karma Automotive, formerly Fisker Automotive, had a rough few years since the bankruptcy back in 2013. The company’s assets were purchased by the Wanxiang Group, a Chinese auto part conglomerate, as well as the assets of its battery supplier A123. The group has since been heavily investing back in the company in the hope of relaunching the Karma, Fisker’s first vehicle.

They have done it this week with a new TV spot to reintroduce the Karma, now the Revero, as they are about to start their first deliveries.
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After what the automaker called an “online unveiling” last month for its new Revero, a plug-in sedan based on the defunct Fisker Karma, Karma Automotive officially launches the Revero today. For the occasion, the company released all the specs of its plug-in hybrid and it revealed an updated interior.
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A few weeks after Karma Automotive had an “online unveiling” for its new Revero, the automaker announced that it will move its headquarters to a new building in Irvine, California. The building (pictured above) is Kawasaki’s former USA headquarters. 
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Karma Automotive, formerly Fisker Automotive, released today the first images of the 2017 Karma Revero, which is based on Fisker’s original Karma. The company didn’t confirm any spec on the new vehicle but introduced a countdown (28 days) on its website, presumably for an official reveal and/or starting the pre-order process.
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There were a lot of different problems that ultimately led to Fisker Automotive’s demise. Distribution was likely one of them, though probably not the most important one. Tesla has brought the issue of electric vehicle distribution forward with its battle to be allowed to sell directly to consumers everywhere in the US.

Considering Tesla is the only successful new car company in the US in decades, you might think that newcomers would copy its distribution model, but it looks like Fisker’s comeback will mainly go through dealerships.
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The Wanxiang Group bought Fisker Automotive’s assets out of bankruptcy and it has since remarketed the company as ‘Karma Automotive’, after the name of the company’s flagship plug-in sedan. While Wanxiang is based in China, Karma is still located in California, where it established a factory to build a new version of the Karma.

Now we learn that the Wanxiang Group is planning to build a factory in China to produce 50,000 cars per year factory based on Karma’s vehicle platform.
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Fisker Automotive announced today a name change to Karma Automotive, as well as a new logo (see above). The company was named after its co-founder and famed car designer, Henrik Fisker. Fisker resigned from the company during financial difficulties in 2013. The company filed for bankruptcy soon after. Then the Wanxiang Group, a Chinese auto parts conglomerate, bought the company’s assets out of bankruptcy for $149 million. They also picked up A123, a battery maker who at the time was supplying Fisker with battery packs before both companies went under.

Wanxiang has since been trying to relaunch the company and especially its flagship electric sedan, the Karma, hence the new name of the organisation.
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