The Fisker Karma, a plug-in hybrid luxury sports sedan produced by Fisker Automotive and manufactured at Valmet Automotive in Finland, is displayed during the Stockholm Car Festival in 2012: Photo: AFP

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Chinese electric-vehicle start-up Karma accused of stealing US rival’s plans for a ‘luxury Humvee’

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Lawsuit claims Chinese auto-parts maker Wanxiang Group, owner of Karma, cuts it out of the venture to go it alone in the Chinese market

VLF is asking for at least US$18.5 million in damages to cover its investment in the Humvee project and share of projected profits

Topic | Electric cars

Bloomberg

Published: 11:00am, 6 Aug, 2020

Updated: 11:29am, 6 Aug, 2020

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Chinese electric-vehicle start-up Karma accused of stealing US rival’s plans for a ‘luxury Humvee’

Lawsuit claims Chinese auto-parts maker Wanxiang Group, owner of Karma, cuts it out of the venture to go it alone in the Chinese market VLF is asking for at least US$18.5 million in damages to cover its investment in the Humvee project and share of projected profits

Lawsuit claims Chinese auto-parts maker Wanxiang Group, owner of Karma, cuts it out of the venture to go it alone in the Chinese market

VLF is asking for at least US$18.5 million in damages to cover its investment in the Humvee project and share of projected profits