Karma Automotive has invested nearly $7.5M in the installation of its state-of-the-art powertrain test labs at its Irvine headquarters, in preparation for new product introductions, and expects to be fully operational by mid-year.
The performance and quality of electric motors, generators, and range-extended powertrains will be evaluated in the test lab in addition to the tests that would be done for product developments. This will greatly produce faster test turn around time and a reduce engineering cost. Karma also sees the powertrain lab as a new profit opportunity in the future due to the high demand in the different industries for such.
“These new capabilities will help Karma speed up our product development process, lead to better performance and durability and protect the intellectual property that's critical to our success,” said Karma CEO Lance Zhou. “This investment shows our commitment to implementing Karma's vision of becoming a luxury automaker driven by technology and innovation.”
Meanwhile, Karma has also mentioned that its all-new next generation luxury electric Revero, will be released for sale or lease during the second half of this year.
“Karma is a luxury car company, born in California, that's driven by exclusive design and craftsmanship, advanced technology, customization and delivering only the very best customer experience,” Zhou said. “We now have a vision and roadmap for the company that's building strong momentum and I can confidently say our best days are ahead of us.”
Strengthening its motivation to serve its best is the celebration of its fifth anniversary, where nearly 1,000 Karma employees are in one to celebrate the company's fifth birthday.
“We have a solid product plan that spans the next decade and relationships with the right partners who are helping us accelerate technology and product development,” said Zhou. “Since 2014, Karma has been quietly building a full value chain and planning a strong relaunch; now, we are ready to tell everyone: Karma is back!”