It's also working on several company-owned dealerships.

It was the end of June when Karma Automotive kicked off pilot production of the Revero in southern California, with plans to reveal the thoroughly revised Karma in final guise on September 8. While we’re waiting for complete details and images of the reincarnated plug-in hybrid luxury sedan, the company’s owner Wanxiang Group has revealed plans to set up a factory in China following an investment of $375 million in the city of Hangzhou which will see the assembly of up to 50,000 cars annually.

Fisker Atlantic design prototype live in New York 04.04.2012
Fisker Atlantic design prototype live in New York 04.04.2012
Fisker Atlantic plug-in hybrid design prototype

According to Wanxiang Group’s application for an environmental impact review, it wants to make the forthcoming Revero as well as a production version of the Atlantic concept (pictured above). The latter was supposed to be a smaller and more affordable alternative to the Fisker Karma, but it failed to reach production because the old Fisker Automotive company went bust. The good news is newborn Karma Automotive wants to revive the two-door Atlantic to join the Revero, with plans to assemble as much as 39,000 units in China of the former and the remaining 11,000 units of the latter.

In related news, Karma Automotive is also working on a few factory-owned stores in the same vein as Tesla. These are described as being ‘brand experience centers’ and the first of the bunch will be inaugurated at home in Orange County, California where production of the Revero will commence towards the end of the year and up to 3,000 cars will be assembled each year.

Exact details about Revero’s pricing are not available at this point, but Jim Taylor, Karma's chief marketing officer, told Automotive News it will cost more than $100,000 and dealers are already taking orders. He went on to specify teaser images of the production-ready Revero will be released in the weeks to come, prior to the official reveal next month.

Source: Automotive News (1, 2)