California-based EV automaker Karma Automotive is looking to claw itself back from irrelevance in a fast-paced industry that has hockey-sticked upward in innovation without it. Following an aggressive strategy under a new president, Karma intends to introduce an entirely new EV portfolio next month, including its first super coupe. Here’s what we know so far.
Karma Automotive is a Chinese-owned automaker based in Orange County, California, whose roots date back to another early EV innovator that saw its own renaissance – Fisker. In February 2014, Chinese auto part supplier Wanxiang Group purchased the remaining assets of Fisker Automotive after it had filed for bankruptcy, deriving its very brand name from the Fisker model it had acquired.
By 2016, the young automaker released the Revero, which was really just a PHEV version of Fisker Karma. It was followed by plans for a Revero GT, which was supposed to be the brand’s halo vehicle. In 2021, Karma introduced a new GS line of EVs, including the GS-6 PHEV and all-electric GS-e6 – the latter of which never saw production.
For those keeping score at home, Karma has yet to deliver a passenger BEV. News surrounding the brand for the past three years has been sporadic. There was a lawsuit against fellow startup Lordstown Motors, which found the gavel in its own right, filing for bankruptcy this past June.
Other than that, we covered Karma expanding into the B2B market to help commercial operators electrify their fleets, but still no new passengers EVs. Hope had seemed lost until a new president stepped in this past spring who looks to put a spotlight back on Karma to crank out some new models quickly.
Credit: Scooter Doll
Karma shares plans for a new EV lineup coming 11/11/23
According to Karma Automotive, its current president, Marques McCammon, has been quite busy since he took over the role in March of this year. McCammon said that one of his first tasks as president was to reach out to the company’s vice president of global design, Michelle Christensen, in order to try and emulate the work she did with Acura on the NSX supercar in 2017.
This isn’t just one vehicle remodel, though, but an entire portfolio of new EVs donning the Karma badge. McCammon spoke:
I explained that Michelle’s design work at Acura, which perfectly melded with the NSX brand platform, was the strategy I wanted to adopt at the new Karma. Then I told her you’ve only got eight months to get it all done.
Here we are, seven months later and a mere month away from Christensen’s deadline – can Karma deliver? Based on its press release today, it appears poised to at least unveil some new EVs next month, but to what stage in the development process they sit remains a mystery. Christensen spoke to the process of the past seven months, some of the hurdles faced, and where the automaker may end up in the EV market:
We resemble more of a woven fabric than a linear string like most automakers. This is the challenge of a lifetime. Designing vehicles – especially high-end exotic vehicles – historically takes several years, but our collaboration and ingenuity with low volume techniques has produced a seamless, gorgeous representation of our Karma identity. This is an animal that is very pure, a beautiful new flagship/halo that is all at once futuristic and will age gracefully. We’re creating low, long and fast vehicles that compare favorably to any high-end European brand.
Low, long, and fast – that’s what we may get a glimpse of on November 11, which is when Karma intends to share new details of its EV lineup at the Wynn Concours in Las Vegas, Nevada. The automaker says the public will learn more about its initial lineup of BEV sports tourers, including a super coupe, as well as how it intends to reach market.
Per Karma, it also intends to explain the company’s “rapidly paced product plan” that will see new Karma EV on the road in 2024 and beyond. All eyes will be on Vegas next month to see what sort of technology Karma is touting.
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The sun has set on a frantic day of scrutineering at this year’s Electrek Formula Sun Grand Prix (FSGP), as teams scramble to qualify for a spot on the starting line tomorrow morning. Electrek FSGP 2025 is shaping up to be one of the event’s most attended ever, thanks to a strong showing of first-time and returning schools. But that also means new and unproven vehicles on the track.
Today, I walked through a couple of bays and talked with a few of the teams able to spare a minute; almost all of them were debuting completely new cars that were years in the making. Building a solar car is no easy feat. It’s not just the engineering and technical know-how that’s often a hurdle for them; it’s more often monetary. However, one of the things that makes this event so special is the camaraderie and collaboration that happen behind the scenes.
Northwestern University is back with a completely new car this season, its eighth since the team’s original inception in 1997 during the GM Sunrayce days. Its motor controller, which is responsible for managing the flow of power from the batteries to the motor, was given to them by the Stanford team. Stanford had extras and could spare one for Northwestern, which needed a replacement. It doesn’t stop there. Two members of the Northwestern team (Shannon and Fiona) told me four other teams helped them with a serious tire replacement around 1 a.m. Wednesday morning, saving them from missing important parts of scrutineering.
This is also an exciting year for the West Virginia team, which is celebrating its 35th anniversary as a solar car team, making them one of the oldest teams on the track. With age comes wisdom though: WV is competing again this year with its single-occupant vehicle, Sunseeker. The team ran into issues after last year’s American Solar Challenge (ASC) cross-country event when the vehicle’s control arm, an important part of the suspension that connects the wheels to the chassis, broke. They tell me this year they’re back with a completely redesigned control arm made of both aluminum and steel. Thank you, Hayley, John, and Izzy, for taking the time to talk.
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We’re also seeing new builds this year from the University of Florida, the University of Puerto Rico, NC State, and UC Irvine. Believe it or not, the latter team has never competed in an American Solar Challenge/Formula Sun Grand Prix. This is their first year. UC Irvine doesn’t expect to be on the starting line tomorrow but hopes to be on the track soon after.
University of Puerto RicoUniversity of California Irvine
On the other hand, we have tried-and-proven cars like my personal favorite, Polytechnique Montréal’s Esteban, which undergoes minor improvements each year. I talked a little bit with this team today, and they told me the car’s motor was dropped, disassembled, and cleaned in preparation for the event. Polytechnique Montréal has passed scrutineering and will appear on the starting line tomorrow.
Polytechnique Montréal
Teams that haven’t wrapped up scrutineering in the last three days can still complete it, though doing so will eat into time on track.
You can learn more about the different classes and the specific rules here.
I’ll continue to post more updates as the event continues!
2025 Electrek FSGP schedule
The 2025 Electrek FSGP will again be held at the National Corvette Museum Motorsports Park in Bowling Green, Kentucky, which, interestingly enough, General Motors occasionally uses for Corvette testing and development. A bit of a full-circle moment being so close to the company that started it all.
The event is open to the public and FREE to attend. Come see the solar car race up close!
Racing starts on July 3 from 10am to 6pm CT and continues through July 5 from 9am to 5pm CT.
Featured image via Cora Kennedy for Electrek FSGP/ASC.
Note: The Formula Sun Grand Prix is not in any way associated or affiliated with the Formula 1 companies, FORMULA 1 racing, or the FIA Formula One World Championship.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
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“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
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Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.