Sep 1, 2007 CE
Fisker Automotive founded
Henrik Fisker and Bernhard Koehler founded Fisker Automotive in Anaheim, California, aiming to produce luxury plug-in hybrid electric vehicles. #USA #Independent #PHEV Source — Wikipedia:
Chronological Storyline (17 Milestones)
Jan 1, 2008 CE
Fisker Karma debuts in Detroit
The Fisker Karma plug-in hybrid luxury sports sedan was unveiled at the North American International Auto Show, showcasing a striking design by Henrik Fisker. #USA #Independent #PHEV Source — Wikipedia:
By M 93 - Own work, CC BY-SA 3.0 de, https://commons.wikimedia.org/w/index.php?curid=19864528
Jul 1, 2011 CE
Karma production begins in Finland
Production of the Fisker Karma began at the Valmet Automotive plant in Finland, with the first retail deliveries to customers starting later that year. #USA #Independent #PHEV Source — Wikipedia:
Oct 29, 2012 CE
Hurricane Sandy destroys Fisker cars
Hurricane Sandy flooded the Port Newark-Elizabeth Marine Terminal, destroying 338 Fisker Karma vehicles and causing over $30 million in losses for the company. #USA #Independent #PHEV Source — Wikipedia:
2012 CE
A123 Systems battery failure
Fisker's battery supplier, A123 Systems, went bankrupt after a recall of defective battery packs for the Karma, severely disrupting Fisker's production and finances. #USA #Independent #LFPBattery Source — Wikipedia:
By Unknown author - Vektordaten: http://www.a123systems.com/084a3550-d058-44d0-bd0d-34125b79d4bd/download.htm (PDF) Farbinfo: http://www.a123systems.com/Collateral/Templates/English-US/images/top_logo.gif, Public domain, https://commons.wikimedia.org/w/index.php?curid=48473792
Nov 22, 2013 CE
Fisker Automotive files for bankruptcy
Facing severe financial distress, Fisker Automotive filed for Chapter 11 bankruptcy protection after failing to secure a buyer or further funding. #USA #Independent #PHEV Source — Wikipedia:
Feb 18, 2014 CE
Wanxiang Group acquires Fisker assets
Chinese auto parts conglomerate Wanxiang Group won the bankruptcy auction for Fisker's assets for $149.2 million, setting the stage for the brand's revival. #USA #WanxiangGroup #PHEV Source — Wikipedia:
Nov 20, 2014 CE
Karma Automotive is established
Wanxiang Group rebranded the acquired assets as Karma Automotive, establishing its new headquarters and manufacturing facility in Irvine, California. #USA #WanxiangGroup #Independent Source — Wikipedia:
By Karma Automotive - https://www.karmaautomotive.com/revero, Public domain, https://commons.wikimedia.org/w/index.php?curid=78470228
Apr 1, 2016 CE
Revero debuts as first Karma model
Karma Automotive unveiled the Revero, an updated luxury plug-in hybrid based on the Fisker Karma platform, featuring a solar roof and improved technology. #USA #WanxiangGroup #PHEV Source — Wikipedia:
By Mr.choppers - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=71048537
Apr 1, 2019 CE
Pininfarina partnership announced
Karma Automotive partnered with Pininfarina to co-develop future vehicles and opened a new innovation and customization center in Turin, Italy. #USA #WanxiangGroup #Independent Source — Wikipedia:
Nov 20, 2019 CE
SC1 Vision Concept revealed
At the LA Auto Show, Karma revealed the SC1 Vision Concept, a fully electric roadster showcasing the brand's future design language and high-performance BEV ambitions. #USA #WanxiangGroup #BEV Source — Wikipedia:
Nov 20, 2019 CE
GS-6 hybrid sedan launched
Karma introduced the GS-6, a more affordable luxury plug-in hybrid sedan aimed at broadening the brand's market appeal and increasing sales volume. #USA #WanxiangGroup #PHEV Source — Wikipedia:
Sep 1, 2020 CE
E-Flex platform revealed
Karma Automotive announced its flexible E-Flex platform, designed to support a variety of electric vehicle configurations including BEV, PHEV, and fuel cell architectures. #USA #WanxiangGroup #800VArchitecture Source — Wikipedia:
Jun 15, 2021 CE
GSe-6 electric sedan announced
Karma announced the GSe-6, a fully electric luxury sedan based on the GS-6 platform, marking the brand's significant transition towards pure battery electric vehicles. #USA #WanxiangGroup #BEV Source — Wikipedia:
Nov 17, 2022 CE
Kaveya supercar concept unveiled
Karma revealed the Kaveya supercar concept at the LA Auto Show, a 1,180-horsepower electric hypercar intended to spearhead the brand's new high-performance direction. #USA #WanxiangGroup #DualMotor Source — Wikipedia:
May 1, 2023 CE
Restructuring and pivot to engineering
Facing financial difficulties, Karma Automotive underwent significant restructuring, laying off staff and pivoting its business model to focus on engineering services and platform sharing. #USA #WanxiangGroup #Independent Source — Wikipedia:
Jan 1, 2024 CE
Focus on hybrid and commercial tech
Karma shifted its strategy to emphasize its plug-in hybrid technology for commercial fleet applications, aiming to leverage its existing PHEV architecture for profitability. #USA #WanxiangGroup #PHEV Source — Wikipedia: