Posted on 08/15/2016 9:38:52 AM PDT by 2ndDivisionVet
In a sign of just how much Chinese money is now shaping the electric vehicle industry, it’s been revealed that Karma Automotive and Faraday Future will both be building new manufacturing facilities in the same Chinese city, according to recent reports.
Despite developing these new facilities in the same city (Hangzhou), it should be noted that the companies don’t seem to have any funding in common — Karma Automotive is backed by Wanxiang, but Faraday Future by LeEco.
Karma ReveroWith regard to the Karma Automotive facility, Wanxiang recently applied for the environmental-impact review of a proposed site in Hangzhou for the facility. The proposed facility would possess a production capacity of around 50,000 vehicles a year, and would cost around 2.5 billion yuan (~$375 million) to develop.
Karma AtlanticThe Karma facility would manufacture both Revero plug-in hybrids (PHEVs) and also the smaller “Atlantic” model — designed by Fisker but never released. The Atlantic model would account for around four-fifths of all the vehicles produced at the facility.
It’s not yet clear whether the Atlantic will be built only at the Chinese facility or also at the new facility in California.
With regard to the potential Faraday Future (LeEco) facility in Hangzhou, the company has yet to receive a permit, from what we’ve read. The potential facility would cost around 12 billion yuan (~$1.8 billion) to develop and would (ultimately) possess a production capacity of up to 400,000 vehicles a year.
The facility would be part of a broader “Eco Experience Park” featuring office buildings and an amusement park.
China + anything related to batteries = Groundwater no longer safe to drink.
Don't forget to float down their lazy river. It's even more fun at night, as it glows a healthy burnt umber hue...
Based on actual science or something you read on the innerwebs?
Based on their utter lack of environmental controls combined with their culture.
Wanxiang?
Everybody have fun tonight
Everybody Wanxiang tonight?
The thing that would keep me from buying any Karma car is that nagging question...did I do something really bad in an earlier life?
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