Karma Automotive joins Hon Hai's MIH consortium
US-based Chinese-owned luxury electric vehicle brand Karma Automotive has joined Hon Hai Precision Industry Co’s (鴻海精密) MIH consortium, an open electric vehicle development platform, the Taiwanese firm said on Friday. Karma’s dedication, experience and capabilities in manufacturing and engineering were in line with the consortium’s goal of recruiting strategic partners to develop the next generation of electric vehicles, MIH chief executive officer Jack Cheng (鄭顯聰) wrote on Facebook. In a separate statement, Karma said its presence in the consortium and the associated MIH O...