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Karma Automotive Links With BMW for Electric Drive Technology

  • $115,000 plug-in hybrid car set to go on sale in late 2016
  • Earlier iteration of company bought gas engine from GM

Electric-car startups have had a tough time surviving, let alone making money. So Karma Automotive, the Chinese-owned company once known as Fisker, is working with BMW AG to get some of the German automaker’s electric drive and charging technology.

Karma plans to begin selling its eponymous flagship luxury car late next year and has contracted with BMW to supply its battery charging system and some of its electric-drive technology. The parts deal, set to be announced later Thursday, is the start of a relationship with BMW that could lead to other cooperation, said Karma Chief Marketing Officer Jim Taylor.