The new China plant will bring about many new models.
Karma Automotive is planning to build a new electric car factory in China. This factory will produce numerous alternative fuel vehicles while focusing on electric motors. The automotive company is planning to make 50,000 vehicles per year.
Don't Miss: Incredible Pokemon Gifts
This company is currently owned by a China based group named Wanxiang Group. They have also formulated a deal with automotive dealership in U.S. Thus it shows their planning to launch the latest vehicles in U.S as well. We are looking for at least two new models to be introduced in America in coming two years.
The company is planning to revive the concept of two door electric car named Atlantic which was introduced by Fisker. The car however did not go into production but it looks like Karma is going to revive it.
Wanxiang is going to invest $375 million in order to build a new factory in Hangzhou, according to Bloomberg. Wanxiang has bought the former Fisker Company in 2014 when it went bankrupt. It was bought for about $149 million and was re launched as Karma later on.
A four door vehicle model that was launched earlier by the name of Karma will be revived by the company in the name of Revero later this year. Karma automotive has a well-established factory which is fully functioning in California, near LA.
The only thing worth worrying is that this company is going to focus on two-door cars. Most of the cars produced over there will be two-door Atlantics. Where two door cars look pretty cool, they are not the real choice of everyone. Any automaker needing to build a good profiting business has to offer different car types, unless they are solely focusing on making two door super cars.
Karma is all set to extend its dealership in America and will be soon selling Revero in the country.