Owned by Chinese auto parts company Wanxiang Group, who bought the remnants of Fisker Automotive in 2013. The company aims to manufacturer 900 Karma Revero’s in 2017. Waxiang Group was one of the first automakers to receive a production certificate allowing it to produce electric vehicles in 2016. Karma delivered the first Revero’s in the USA during May 2017.
KARMA EV MODELS
KARMA AUTOMOTIVE EV SALES
Go to our detailed breakdown of Global EV Sales to see how KARMA AUTOMOTIVE fares to its competitors in the fast-growing EV market.
KARMA AUTOMOTIVE IN THE NEWS
2017 Week 20 - Karma delivers the first Revero's in the USA
The Wanxiang Group announced the first deliveries of the Karma PHEV in the USA and Canada. The Revero is priced at $130,000.
2016 Week 32 - Karma unveils the Revero
The Chinese-owned, California-based Karma Automotive finally lifted the lid on its Tesla fighting electric vehicle the Revero, which would signal the second round of the battle between the two companies. The first round ended in what we know Tesla to be today and Fisker Automotive going into bankruptcy in 2012. It seems the company has learned a couple of lessons from the first round and its flagship model, the Revero, will include innovations such as a solar paneled roof to charge the vehicle. The production version is expected to hit the market in the Q1 2017 and will have a range of 50 miles (80km) in pure electric mode and cost between $125,000 and $150,00.
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How successful is the Chinese New Energy Vehicles Program? The State Auditor found that 45% of Chinese EV makers sold less than 500 models per year.
Traum Auto, another new vehicle brand chasing the Chinese dream. The latest brand is from the Zotye stable officially launched on the 27th of June 2017.
In this week’s blog series on introducing Chinese electric car brands, we look at Thunder Power Holdings ( #ThunderPower ).