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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Karma Automotive has introduced a new application of its electrified platform E-Flex, and this time, it is neither a plug-in hybrid nor a sports car but an all-electric van. The demonstrator e-transporter enables level 4 automated driving.
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Californian EV manufacturer Karma Automotive recently launched its new 2020 Revero GTS, a performance version of the company’s Revero GT plug-in hybrid. Karma Automotive also showcased its fully-electric concept car SC2.
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