Wanxiang Group Corp., the parent company of Karma Automotive LLC in Costa Mesa, plans to manufacture electric cars in China, according to Bloomberg.
The company applied for an environmental permit to build a $375 million electric vehicle plant in Hangzhou. It wants to manufacture about 50,000 cars a year, 39,000 of which would be the two-door Atlantic model based on Karma technology.
The group purchased Karma—formerly known as Fisker Automotive and Technology Group LLC—in a 2014 bankruptcy court auction for about $149 million in cash.
It’s producing the $100,000, four-door car Revero at its new 556,000-square-foot facility in Moreno Valley. The vehicle goes on sale next month via 10 independent dealers and a company-owned “brand-experience center” in Orange County.