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Karma's new China plant will revive Fisker Atlantic

Karma Automotive, the successor to high-end extended-range plug-in vehicle maker Fisker Automotive, is planning a factory in China that will make as many as 50,000 vehicles a year. The company is owned by China-based Wanxiang Group and has also reached agreements for 10 North American dealerships. Most impressively, there appear to be plans to revive the two-door "Atlantic" model that was planned by Fisker but never saw the light of day. Wanxiang Group will invest $375 million to build the factory in Hangzhou, Bloomberg News reports. No completion date has been set by Wanxiang, which Bloomberg said last year was China's biggest corporate investor in US real estate. Wanxiang acquired the former Fisker out of bankruptcy in 2014 for about $149 million, and renamed the company Karma. The four-door vehicle model that was previously known as the Karma will be relaunched as the Revero later this year. Karma Automotive also has a 550,000-square-foot factory in Moreno Valley, California, near Los Angeles. The wrinkle to the new factory, though, is that most of the cars produced there will be the two-door Atlantic. That model was unveiled in 2012, but Fisker never made good on its plans to start selling it to the public, and went bankrupt the following year. Karma said Monday that it reached agreements to relaunch its automobile line with 10 dealerships throughout North America, where it will sell the four-door Revero. The North American markets will be Atlanta, Chicago, Ft. Worth, Miami, Palm Beach, Los Angeles, Philadelphia, Detroit, Montreal, and Toronto. Karma is also planning to build an Orange County Brand Experience Center in Southern California, but it didn't reveal further details about that facility. Related Video: Featured Gallery Fisker Atlantic: New York 2012 News Source: Bloomberg News, Karma Automotive Green Plants/Manufacturing Fisker wanxiang atlantic fisker atlantic extended-range plug-in karma karma automotive

Fisker teases $40,000 mass-volume EV to be revealed on March 18

Fisker news hasn't washed across the transom in a while, but Danish designer Henrik Fisker has been making waves. In one week, his latest venture, Fisker Inc., will debut a new battery-electric vehicle that will cost "close to $40,000." Based on the teaser photo and Fisker's comments about the car, we're expecting a small crossover. To be built in the U.S. and expected to launch in 2021, this will be the company's volume model eventually aiming for several hundred thousand sales per year. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. It will compete somewhere around the BMW X3 ICE category and Tesla Model Y EV segment. The only thing we know about its looks beyond the A-pillar and side mirror is Fisker's desire "to make it really futuristic-looking." At the same time, "it has to be very versatile because we obviously want to get into a certain high volume with the vehicle." Everything's still in flux, and Fisker has learned not to promise hard dates, so we won't be surprised if dates and specs change even after the March 18 reveal. A year ago, when the Fisker EMotion debuted at the Consumer Electronics Show, we wrote that it's "set to launch by the end of 2019, with a starting price of $129,000. The company is currently taking reservations for $2,000 at its website." That's changed due to focus on the volume model. In an interview with CleanTechnica last September, Fisker said "we will go faster to the affordable, high-volume vehicle and the EMotion could come out either simultaneously or even after the high-volume vehicle." No doubt one timetable issue is the battery — Fisker wants a solid-state battery for the $40,000 car and the EMotion. In-house R&D has advanced to building small test units by hand. By the end of the year he wants batteries large enough to test in a car, and to have found a manufacturing partner to produce the batteries, followed by on-road testing throughout 2020. Fisker Inc has secured 15 patents so far for solid-state battery technology with 2.5 times the energy density of current lithium-ion batteries. The goal is 400 miles on a full charge and a full recharge in 10 minutes or less. We'll know more in a few days. Whatever waits under the covers will be judged against this standard: " We have to be so radical that we take the people who's maybe jumping ship from the big car makers.

Henrik Fisker again teases new EV crossover — and maybe a pickup

Henrik Fisker, founder of the eponymous luxury EV company, is looking to make a grand comeback with some new models alongside his EMotion EV. The renowned automotive designer and entrepreneur has been teasing two new models on his Twitter feed while divulging some quick details about some additional new cars. On Thursday he tweeted about his new all-electric crossover from Fisker Automotive. He's been talking about this crossover, at "close" to a $40,000 price point, since spring, and just a few days ago he tweeted about its "enhanced +80 KWh lithium-ion battery pack" and 300-mile range. The latest tweet is accompanied by an overhead picture of the crossover, showing a photovoltaic solar panel built into its roof, a design once pioneered by the Fisker Karma from several years ago.   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.   A tweet from Wednesday previews what looks to be a new all-electric pickup truck, one of two additional new models that will accompany the new crossover.   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.   That tweet's digital rendering appears to be of a pickup's tailgate. The look is Ford F-150-esque, and with Tesla rumored to be working on a new EV pickup along with rivals such as Rivian and Workhorse, Fisker’s proposal doesnÂ’t seem too far-fetched. Though the rear view could also be of a more rugged SUV, also potentially aimed as a direct competitor to RivianÂ’s offerings. Fisker is reviving Fisker Automotive after it went bust back in 2013 and a Chinese parts conglomerate, Wanxiang, purchased the manufacturing, design and rights to make the Karma. Wanxiang rebranded as Karma Automotive, and Fisker took the sale money to start anew. News Source: Twitter Auto News Green Green Fisker SUV Electric