And new GS series name.
Karma Automotive, which builds the gorgeous Revero hybrid luxury sedan, is making some big moves (despite doubts of its financial stability) with the development of the E-Flex platform that will form the base of its 1,100-hp Karma SC2 electric supercar. While the company has filed for chapter 11 bankruptcy, and with a dim future ahead, it has now announced its first all-electric vehicle and new GS series name.
The GS lineup will include new electric options, added tech, and will be Karma's first battery-electric luxury sedan. The Revero Sedan currently makes use of a hybrid gas/electric system and delivers a potent 403 hp and 981 lb-ft of torque.
"We are pleased to announce that Karma will now offer our first all-electric vehicle next year as part of the GS series," said Dr. Lance Zhou, Karma's CEO. "Cost reductions in the BOM, streamlining our supply chain and standardized production methods also allowed for a new, more attainable pricing structure for the GS lineup allowing for higher market penetration, opening up the market to a larger group of entry-level luxury buyers."
This move will take the fight directly to its all-electric competitor Tesla, but with a limited production run and small dealer network, the electric giant won't have to worry just yet.
Karma has also streamlined its ordering process by launching a new pre-reservation order site that allows interested parties to lay down a $100 deposit to reserve a place in line. According to Karma, the new GS lineup will "retain the same exotic design of the Revero to continue with the brand's legacy but will include technological advancements and a price point that will help bring new customers into the brand."
These sound like promising moves by the California based manufacturer, but it remains to be seen whether the company will be around for much longer.