Saturday, July 27, 2024

Fisker Seeks Partnerships with Legacy Automakers to Boost Production of New EV Models

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California-based electric vehicle (EV) startup Fisker, renowned for its all-electric Ocean SUV, is actively pursuing partnerships with established automakers to facilitate the production of its forthcoming EV models. According to information obtained by Reuters in an interview with Henrik Fisker, the founder and CEO of the company, Fisker aims to secure collaborations with traditional car manufacturers to expedite the release of two imminent models – the Ocean-based Alaska pickup and the compact Pear crossover, both scheduled for production in 2025.

“We have two cars that are almost ready. We can bring them to market fast — we just need the capacity,” Fisker stated. In a bid to achieve this, the CEO disclosed ongoing negotiations with five established automotive companies and expressed optimism about finalizing a deal in the coming months.

Fisker had previously indicated, six months ago, that the company was exploring partnerships with a broad spectrum of entities, ranging from suppliers to technology companies, as part of its strategy to enhance production capabilities.

In a noteworthy development, the smaller Pear model is anticipated to be manufactured in collaboration with Taiwan-based electronics giant Foxconn, in Ohio. The production facility is expected to be the former General Motors plant in Lordstown, previously utilized for assembling Lordstown Endurance electric pickups. Despite Lordstown Motors filing for Chapter 11 bankruptcy in the summer, Fisker remains confident that the partnership with Foxconn will materialize in the coming months. Notably, legal disputes between Lordstown Motors and Foxconn have not derailed Fisker’s arrangement with the Taiwanese contract manufacturer.

The Ocean SUV, a key offering from Fisker, is currently produced under contract. As of September, approximately 5,000 units of the all-electric crossover have been manufactured at Magna’s plant in Austria, with customers in the United States, Canada, and Europe receiving deliveries of the zero-emissions model.

Priced at $38,999 in the U.S., the Ocean SUV, available in the base Sport trim, is equipped with a lithium iron phosphate (LFP) battery, offering an estimated range of 231 miles. The upcoming Pear model, an acronym for “Personal Electric Automotive Revolution,” is slated to start at $29,000, providing an estimated range of around 300 miles on a full charge. The Alaska pickup, priced at $45,400 before incentives, features a 113-kilowatt-hour battery pack, enabling a driving range between 230 to 340 miles. Additionally, Fisker has plans for a flagship, hand-built, five-seat hardtop convertible named the Ronin, set to debut with a starting price of $385,000.

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