Karma Automotive Launches New Innovation & Customization Center In Moreno Valley, Calif.

- KARMA RENAMES MORENO VALLEY FACILITY DURING SPECIAL DEDICATION CEREMONY – KARMA INNOVATION & CUSTOMIZATION CENTER (KICC)

- REFLECTS FUTURE FOCUS ON ONE-OFF CUSTOMIZATION,CRAFTSMANSHIP & NEW TECHNOLOGY INTEGRATION

- FACILITY REPRESENTS MORE THAN $100M INVESTMENT

- KICC WILL HOUSE PRODUCTION OF NEW 2020 REVERO FROM Q3

MORENO VALLEY,California,April 10,2019 --Southern California-based automaker Karma Automotive today launched its new Moreno Valley-based customization and innovation hub at a ceremony attended by employees,business partners,suppliers,and local government. Rebranded as the Karma Innovation and Customization Center (KICC),the facility will house production of the company's new 2020 Revero luxury electric vehicle and will provide the ultimate in customization,craftsmanship and technology integration.

Karma Automotive’s one-off Black Ocean Limited Edition features more than 80 unique treatments including a unique handcrafted finish paint,exterior and interior treatments and signatures to create a very bold and head-turning statement for its owner.

To showcase Karma's customization direction along with the growing capabilities and skillsets of the KICC workforce,the automaker also unveiled a pre-sold,one-off limited edition Revero as an example of the kind of collectible customized vehicles it's preparing to offer discerning luxury auto enthusiasts.

KICC is expected to play a key role in advancing the company's previously announced Value Forward business strategy centered on nurturing and growing a presence in the luxury electric vehicle niche. Technological innovation and personalized customization are among the key elements of Karma's business and product plan that spans the next decade.

Karma Innovation and Customization Center

Karma's Moreno Valley base first came to life in 2015 and comprises a Body Shop,General Assembly,Paint Shop,Final Process Alignment and Dynamic Test Stations over a sprawling 556,000 square feet. The facility,representing a total investment of more than $100 million,contains the very latest in automotive technology and tooling all under one roof in Moreno Valley,Calif.

"The facility has been renamed Karma Innovation and Customization Center to better reflect our future focus and growing a skillset centered on innovation,customization and technology integration," said Karma CEO Dr. Lance Zhou. "KICC's skilled artisans take great pride in delivering distinctive luxury electric vehicle experiences through world-class design,technology and personalization."

KICC's entire workforce undergoes personalized,small-session craftsmanship training to ensure they have the skills and mindset to produce world-class excellence and craftsmanship. As a result,the KICC workforce is sensitive to what Karma's discerning luxury customers expect from the automaker and better prepared to deliver on the company's vision and business strategy.

Karma chose to headquarter and build a European-style,craft production facility in Southern California just 60 miles from its global headquarters in Irvine,Calif.,to meticulously build one-of-a-kind cars. Alongside Karma's Irvine headquarters,KICC joins other Karma locations including its Detroit Technology Center,in Troy,Mich.,and its Design & Engineering Center in Hangzhou,China.

"With a $100 million dollar investment and over 200 new jobs created in the Karma Innovation and Customization Center,Karma has transformed the landscape of our hearts and minds with the reintroduction of carmaking in our great city," said Moreno Valley Mayor Dr. Yxstian A. Gutierrez. "With every Revero masterfully crafted in Moreno Valley,we create new jobs,build community,and inspire future generations to dream on an ever grander scale."

KICC currently produces the company's 2019 Revero and is transitioning to produce its next-generation 2020 Revero scheduled for dealer showrooms during the second half of this year. Karma's new Revero,along the first results of a partnership with Pininfarina and a Karma-designed Vision concept car will debut next week at Auto Shanghai 2019 as part of the automaker's "New Dawn" product showcase.

Karma's investment in Southern California underscores its commitment to remain and do business in a state it draws so much inspiration from.

"California is home to innovators,entrepreneurs and big thinkers; a land where anything is possible," Zhou said,adding that Karma chose to start selling cars in the U.S. first,with a special focus on California,because this is the most competitive and demanding luxury market in the world.

"If we can succeed here,we can succeed anywhere," Zhou told Karma employees,government officials,and media attending a special KICC dedication ceremony at the facility. "With the support of everyone here today,I know we can make Karma California's shining star."

Karma Black Ocean

Karma also released today its pre-sold,one-off Black Ocean Limited Edition. Based on a 2018 Revero luxury-electric vehicle,Black Ocean represents the automaker's dedication to offering luxury enthusiasts an opportunity to own a customized,collectible vehicle.

Using one of the very last original Karma Reveros as a canvas,Karma's design & customization and added more than 80 unique treatments including a unique handcrafted finish paint,exterior and interior treatments and signatures to create a very bold and head-turning statement for its owner.

Meet Karma Automotive and Karma Revero

Karma Automotive designs,engineers,and markets luxury electric vehicles,all from its Southern California base of operations. Founded in 2014 and employing nearly 1,000 people worldwide,Karma Automotive is committed to elevating and growing the luxury mobility experience for its customers and draws on global relationships and technology partners to achieve this. The Revero is a luxury electric vehicle powered by dual electric motors that embodies Karma's goals of offering leading automotive design,technology,customization and an outstanding customer experience. Every Revero is created with great individual care and world-class craftsmanship at the Karma Innovation and Customization Center in Moreno Valley,Calif.

Learn more about Karma Automotive and Revero atwww.karmaautomotive.comor visit the password-free Karma Newsroom atwww.karmanewsroom.comfor the latest press releases,videos and images.

Karma craftspeople surround CEO Dr. Lance Zhou and the automaker’s Black Ocean one-off special edition during a ceremony held today to dedicate the Karma Innovation and Customization Center (KICC) in Moreno Valley,Calif. The facility will house production of the company’s new 2020 Revero luxury electric vehicle and will provide the ultimate in customization,craftsmanship and technology integration.

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