Mexican Media Brands
Wanxiang Plans Karma Plug-in Hybrid Factory in China
Wanxiang Group, which purchased the assets of bankrupt Fisker Automotive Inc. in 2014, hopes to make plug-in hybrids in China.
#hybrid
Share
Wanxiang Group, which purchased the assets of bankrupt Fisker Automotive Inc. in 2014, hopes to make plug-in hybrids in China.
The company’s relaunched Karma Automotive unit has applied for a permit to build a 2.5 billion-yuan ($375 million) factory in Hangzhou, Bloomberg News reports. The facility will have annual capacity to make 50,000 extended-range hybrids.
The vehicles will include variants of the $107,900 Karma hybrid sport sedan Fisker introduced in 2011. But the company intends to focus most of its output in China on a two-door production version of the Atlantic concept sedan Fisker unveiled in 2012, according to Bloomberg.
Fisker had once hoped to launch the Atlantic in 2013, but recalls and financial woes pushed the company into bankruptcy instead.
Separately, Costa Mesa, Calif.-based Karma Automotive says it plans to introduce its new Revero hybrid sport sedan in the U.S. and Canada later this year. The car, which is an updated version of the original Karma, will initially be offered through 10 dealers.
RELATED CONTENT
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
-
Will Alcraft Take Off?
“British electric vehicle start-up Alcraft Motor Company has revealed details of its first car, the high-performance Alcraft GT.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.