MANUFACTURER PROFILE

Karma Automotive

karma-logo_100529316_mKarma Automotive, formerly known as Fisker Automotive, is a Southern California-based manufacturer of world-class luxury hybrid automobiles.

Karma Automotive will be presenting the first model of a new generation of automobiles in 2016. Karma now has 500 employees in Costa Mesa and at a new 556,000-square-foot factory in Moreno Valley, California

Karma Automotive is owned by Chinese auto parts company Wanxiang Group, Wanxiang bought Fisker’s assets out of bankruptcy for $149 million in 2014. Wanxiang, a Chinese conglomerate that owns 30 auto parts plants in the U.S.

Karma Automotive LLC
3080 Airway Avenue

Costa Mesa, CA 92626

Karma Latest News

CATEGORIES // LINKS

Karma Automotive website
Wanxiang America website 

Wanxiang Group Corporation

WanxiangWanxiang America, Inc.

Wanxiang America Corporation, based in Chicago, is the U.S. home office of Wanxiang Group Companies China. U.S. companies and customers can deal in U.S. dollar currency and U.S. contracts when working with China. Involved in automotive and industrial markets in the U.S., Wanxiang America is the source for all of Wanxiang Group/China's products in the United States.

Wanxiang received U.S. bankruptcy court approval on February 18, 2014, to buy the assets of Fisker Automotive, a manufacturer of plug-in hybrid sports cars that was declared bankrupt in November 2013. Wanxiang's American subsidiary won a three-day auction with a bid of US$149.2 million

On October 16, 2012, A123 Systems had filed for bankruptcy protection. Wanxiang won an auction for the bankrupt United States-based lithium-ion battery maker in December 2012, for a closing price of US$256.6 million. A123 Systems had more than 3000 employees as of that date.

Also based here is the American arm of the America-China Bridge Program. The Wanxiang America-China Bridge program is designed to get American Companies past the red tape, mis-understanding, and bureaucratic snags which are still all-to-common in China. With it's stature as a leading independent business in China and the advantage of a strong American presence, Wanxiang is uniquely suited to be of service to American firms seeking trade in China.

Wanxiang America, Inc.
88 Airport Road
Elgin, IL 60123 
Phone: 847-622-8838 

 

Wanxiang Group Corporation

Wanxiang Group Corporation is a Chinese multinational automotive components manufacturing company headquartered in Hangzhou, Zhejiang province, China. It is the largest China-based automotive components company measured by revenues.
 
Headquarters: Hangzhou, China
Founded: 1969