Fisker Automotive, the maker of the Fisker Karma, which was one of the world's first production plug-in hybrid electric vehicles, debuted at the 2008 North American International Auto Show. Unfortunately, production of the Fisker Karma was suspended in November 2012 due to bankruptcy of its battery supplier A123 Systems. In February 2014, the company's designs, engineering and manufacturing facility were purchased by Chinese auto parts conglomerate Wanxiang Group. Henrik Fisker retained the Fisker trademarks and the Fisker brand and relaunched Fisker Inc., and so Wanxiang named its new company Karma Automotive.
Fisker, Inc., launched in 2016, and based in California, as a relaunch of the Fisker brand, which previously made the Fisker Karma (now the Karma Revero). Fisker Inc. has said that it will show its first all-electric vehicle in the second half of 2017, a "spiritual successor" to the Fisker Karma, which will have a 400-mile electric range.