News of a tie-up between Karma Automotive (the Chinese automaker formerly known as Fisker) and BMW is just now coming in.
Karma Automotive Introduces/Explains Its New Branding
An official announcement (beyond just a press release) is expected sometime tomorrow, but the deal/partnership appears to be linked to electric drive and charging technology.
With Karma expected to relaunch the Karma luxury plug-in hybrid next year, the automaker has reached out to BMW to supply electric drive components (possibly from the BMW i8) and charging technology.
"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."
"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."
Karma Chief Marketing Officer Jim Taylor says that this initial deal with BMW could lead to a large collaboration in the future. Quoting Taylor on the tie-up:
"Carmakers buy parts from other carmakers, especially in expensive areas like powertrain technology. As we launch the vehicle under the new name Karma, using BMW components will be a big help to the brand."
No additional details on the deal are known at this time. Financial info related to the deal has not been released.
Press release below:
Karma Automotive Signs Supply Agreement With BMW
COSTA MESA, Calif., Nov. 12, 2015 -- 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.