Karma Automotive will apparently soon file for Chapter 11 insolvency, meaning a chance for restructuring under court supervision. Several months ago, there were already reports that had raised substantial doubts about the company’s business practices.
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With the Revero GTE, Karma Automotive plans to launch its first all-electric car next year and said it would sell the platform to third parties. A US media report is checking the claims a little closer – and claims many of the announcements are simply untrue.
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Karma Automotive has announced its first fully electric production model. The Karma Revero GTE will be available in the USA from spring 2021 and in China and Europe from autumn 2021. Prices for the electric luxury sedan are not yet available.
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