Some big news hails in from BMW and the former smalltime luxury EV maker, Fisker, now renamed Karma Automotive, as the company just announced to have signed agreements with BMW, where BMW will supply automotive parts to Karma.
The parts supply from BMW will allow Karma to build “high voltage battery charging systems and a wide range of hybrid and EV systems.”
We’re not exactly sure what this will lead to since Karma has been in a lull period after the original company, Fisker Automotive, filed bankruptcy and underwent a long and winded restructuring that’s still happening.
But ultimately, it sounds like Karma Automotive is looking to have a resurgence in making some new cars, most likely to combat the obvious, Tesla Motors.
Karma Automotive came to be when Chinese parts manufacturer, Wanxiang, bought the rights and renamed the company, formerly known as Fisker Automotive, while also purchasing the rights to the Fisker Karma the company once produced.
Check out the press statement below.
Karma Automotive Signs Supply Agreement With BMW
COSTA MESA, Calif., Nov. 12, 2015 /PRNewswire/ — Karma Automotive announced today that BMW has agreed to be a supplier in ensuring their vehicles are built with the highest quality automotive parts. BMW will supply Karma Automotive with their latest powertrain components, including high voltage battery charging systems and a wide range of hybrid and EV systems.
Throughout automotive history, BMW has been globally recognized for engineering and manufacturing world-class products. They are a proven technology leader and renowned for conceiving and delivering groundbreaking innovations.
Karma Automotive will integrate the first BMW components into its plug-in hybrid flagship vehicle, which will re-launch in 2016. The next generation of vehicles already in development will utilize more of BMW’s powertrain technology.
“The Wanxiang Group is giving Karma Automotive the opportunity to bring a stunning car back to the market, and the partnership with BMW and their outstanding track record is a great fit for the future,” said Karma’s CEO Tom Corcoran. “We will continue to develop beautiful cars with the latest cutting edge hybrid and EV technology.”
Co-founder Bernhard Koehler said; “I’m personally excited and incredibly proud we will be integrating the sophistication, integrity and character of the BMW powertrain into our own. Karma Automotive products and ultimately our customers will be the greatest benefactors of this fantastic relationship.”
ABOUT KARMA AUTOMOTIVE, LLC.
Karma Automotive is a California based car company of luxury hybrid plug-in vehicles. Karma Automotive was established in 2014 by the Wanxiang Group, which purchased the assets of Fisker Automotive Inc., founded in 2007.
– By: Chris Chin