Karma Automotive Opens Tech Development Center in San Jose, California
10/28/2019
According to company officials the complex will help drive innovation and build partnerships in support of its emergence as a high-tech incubator. Located in San Jose, Karma Silicon Valley will initially house a small team of engineers and business strategists tasked with growing advanced-technology partnerships that will support and shorten the company's product development process.
"Karma serves as a technology incubator," said Karma CEO Dr. Lance Zhou. "We are opening our product platform to serve as a test bed to help potential business partners bring emerging innovation to market and increase the speed of our own product development."
Establishing a proactive presence in California's northern hub of tech development is a key element of Karma's plan to invest in and grow the technologies it needs to speed product development and offer innovators and entrepreneurs the use of the company's luxury EV platform to help prove their emerging breakthroughs, officials explained. The company's strategy is to blend independent development with partnerships and strategic sourcing.
"As a young and growing company, Karma is not shackled by legacy costs or bureaucratically weighed down by how things have been done in the past," Zhou said, noting that by partnering with other innovative companies it can deliver progress much easier and faster than going it alone.
"Karma's strength comes from our entrepreneurial spirit and willingness to collaborate and drive advanced technology solutions forward through innovative design, technology and importantly, the personalized relationships Karma has with its partners," he added.
The new office will be led by Lewis Liu, Karma Vice President of Business Development and Strategy, and will initially focus on growing partnerships and investing in technologies to further develop its electric drive and user experience ecosystems. Karma said it has kicked-off a period of rapid product introduction, including the U.S. launch of its 2020 Revero GT luxury electric vehicle, to be followed by an all-new fully-electrified global platform in 2021.
Project Announcements
Western Smokehouse Partners Plans Mexico, Missouri, Manufacturing Operations
11/02/2024
Ridgenet Network Group Expands Pulaski County, Kentucky, Manufacturing Operations
11/02/2024
BENTELER Automotive Corporation Expands Duncan. South Carolina, Operations
11/02/2024
Graham Packaging Expands Tangipahoa Parish, Louisiana, Production Operations
10/30/2024
OmniaBio Plans Hamilton, Ontario, Manufacturing Operations
10/30/2024
Northern Hardwoods Lumber Upgrades Houghton County, Michigan, Operations
10/30/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024
-
What If the Longshoremen's Strike Had Persisted? Examining the Potential Economic Fallout
Q4 2024