BMW has agreed to supply Karma Automotive with its latest powertrain components, including high voltage battery charging systems as well as a wide range of hybrid and EV systems.

According to Karma, the company will integrate the first BMW components into its plug-in hybrid flagship vehicle which will be launched next year. Karma adds that its next-generation model lineup will utilize more of BMW's powertrain technology.

Karma CEO Tom Corcoran said in a statement that the brand will continue to develop beautiful cars featuring the latest hybrid and EV technology.

“The Wanxiang Group is giving Karma Automotive the opportunity to bring a stunning car back to the market, and the partnership with BMW and their outstanding track record is a great fit for the future. We will continue to develop beautiful cars with the latest cutting edge hybrid and EV technology," said Corcoran.