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Wanxiang approved to build new Karma, Atlantic EVs in China

Ever since buying the remnants of Fisker back in 2014, Wanxiang's plan has always included building new vehicles in China. We're one step closer to that, with the approval this month of Wanxiang's request to build electric vehicles in the country. The National Development and Reform Commission (NDRC) says Wanxiang can build a new factory that can make up to 50,000 EVs a year. As we noted back in August, the new Karma Automotive factory will not only build the revived model that used to be known as the Fisker Karma (now the Karma Revero) but also the never-made Atlantic. The Atlantic did exist in concept form in 2012, but Wanxiang's new factory might make it real. This makes sense, since the Valmet machines that built the Karma the first time around have been shipped from Finland to California for Wanxiang's new plant there. When Wanxiang relaunched the Karma website in 2014, it did so with the slogan, "Hello Future. Meet the Atlantic." Maybe it should have said, "Hello China," instead. Related Video: Featured Gallery Fisker Atlantic News Source: Reuters Government/Legal Green Plants/Manufacturing Fisker Electric Hybrid wanxiang karma revero

New Fisker owner Wanxiang is a $23-billion-a-year auto parts company

If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 billion in annual revenue, Automotive News says. Billion with a "b." In fact, the company generates about $3 billion a year from US autoparts sales alone, so it's no stranger to the domestic automotive industry. That said, there's plenty of work to be done to revive the company. Wanxiang US chief Pin Ni said the Karma has "hundreds of issues" that need fixing before the sleek but troubled sedan is manufactured again. One hurdle cleared, though, is the fact that Wanxiang also bought lithium-ion battery maker A123 Systems out of bankruptcy for $257 million. As for Fisker, Wanxiang beat out Hong Kong-based Hybrid Tech Holdings for the right to buy the automaker earlier this year for $126.2 million in cash and $8 million in assumed liabilities. And, while Wanxiang Group Chairman Lu Guanqui has recently been making the rounds with dignitaries such as US Vice President Joe Biden, Michigan Governor Rick Snyder and Delaware Governor Jack Markell, no details have been revealed about when Fisker will start making cars again.

Henrik Fisker opens up about EVs

Danish car designer Henrik Fisker is an interesting figure in the automotive world. After heading up design at Aston Martin he created the initial design for the Tesla Model S before launching Fisker Automotive. There, he created the Karma range-extended electric sports car. As we all know, the company eventually went bankrupt, leaving Mr. Fisker's future in question. Now he's back on the scene with his $230,000 supercar, the VLF Force 1, which debuted at the 2016 North American International Auto Show in Detroit. Interestingly the V10-powered Force 1, along with VLF's V8-powered Destino, is a huge departure from the green machines for which Fisker was responsible not too long ago. If that makes you curious as to what's going on inside the talented head of Henrik Fisker, you're not alone. Thankfully, Fisker has opened up to Tech Insider, discussing his thoughts on EVs and the future of the automotive world. While Fisker was part of the EV revolution – in his words, showing that "electric cars can be beautiful and exciting and fun to drive" – mass adoption has been slower than he originally predicted. The field is still too limited, with not much available in terms of what people want to buy. The driving range, too, is a huge obstacle to EV uptake, but that is slowly improving. "The choice for consumers is still fairly limited, but in my mind there's no doubt electric cars are here to stay," says Fisker. "It is going to be a growing segment and it will continue to grow." Fisker, however, is bearish on hybrids, despite their popularity. In his opinion, "electric cars will take over a lot of hybrids quicker than people think now." In an interesting prediction that defies more commonly held beliefs, hybrids don't have a place as a transition to EVs anymore. As infrastructure grows – along with battery capacity – people will "jump straight from gas to electric rather than make the transition to hybrid which is what a lot of car companies are betting on." It's an interesting point of view, to be sure, especially coming from a man who just recently took a pretty big leap from electric cars back to supercars whose fury is fed by fossil fuels. Take a deeper look into the mind of Henrik Fisker in the piece from Tech Insider. Related Video: