Wanxiang Building Atlantic Plug-in Hybrids at its China-Approved Factory

A government filing confirms that Wanxiang Group will be devoted to producing the Atlantic plug-in hybrid.

Karma Automotive’s China-based parent company, Wanxiang Group, just became the second auto-parts manufacturer and sixth company overall to receive approval in China to produce electric cars. The approval on Friday came from the National Development and Reform Commission to set up facilities with capacity to produce 50,000 units per year.

This provision falls under a government-incentivized program to build more “new energy” plug-in electrified vehicles, though it does limit the number of companies that will be allowed in.

Earlier this year, the Chinese company indicated it would be bringing Fisker Automotive’s Atlantic two-door plug-in hybrid sports concept car through its factory. In the plan filed with NDRC, Wanxiang said it will be producing 39,000 Atlantics out of the 50,000 unit capacity.

The parts supplier said in the filing that the Atlantic will have a top speed of 216 kilometers (134 miles) per hour, and can reach 100 kilometers per hour (62.13 mph) in 6.5 seconds. The Atlantic prototype, seen in the photo above, gained much interest for the former company, Fisker Automotive, during 2012 auto show displays.

After filing for initial environmental impact review in September, Wanxiang received clearance to invest 2.5 billion ($360 millon) in a plant located in Hangzhou, China. That plant would be producing vehicles mainly on the Fisker Karma platform, the company said.

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Wanxiang’s U.S. subsidiary, Karma Automotive, launched the Revero plug-in hybrid in September. Built on the Fisker Karma platform, the company had planned to start production of the Revero at its Moreno Valley, Calif., plant by the end of the year.

Wanxiang follows Minth Group Ltd., which last month became the first auto parts supplier to win approval to build PEVs in China. Other companies that have received government approval are Beijing Electric Vehicle Co., Hangzhou Changjiang Passenger Vehicle Co., Beijing CH-Auto Technology Co., and a unit of Chery Automobile Co.

More companies are seeking government approval, such as WM Motor, Future Mobility, and Singulato Motors, according to Reuters.

Bloomberg


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