Fisker bumps up production for all-electric Ocean SUV • TechCrunch


Fisker raises its manufacturing forecast two weeks before its first electric vehicle, the Ocean SUV, enters production.

The automaker plans to produce 42,400 Ocean SUVs by the end of 2023, up from an initial forecast of 40,000, given strong demand in the United States and Europe.

The company said it received 62,000 reservations for Ocean, valued at $37,499, and expects 80,000 orders by the end of the year, compared to an initial target of 50,000.

This means that not everyone who booked an ocean will get one in 2023.

“For us, I don’t see it as a bad thing because it means we’re fully booked, which is great,” CEO Henrik Fisker told TechCrunch..

Many of those reservations came in August, shortly before the passage of the Inflation Reduction Act, which eliminates the $7,500 federal tax credit for electric vehicles built abroad.

“It was Friday when it seemed like Congress was going to pass the bill, and I immediately got together with three executives and we said, ‘Hey, what can we do?'” Fisker said. “

The company scrambled to launch a redesigned website by Monday noon and issued a press release notifying customers that they have a week to reserve the ocean before they lose their tax credit eligibility.

“we behavior quickly And the maybe Ocean reservation pregnant to me Enter inside a link a necklace to me potentially retain eligibility for the old federal tax credit for electric vehicles,” Fisker said less From a week, we Sold Outside our we. Personalization from Ocean Sport And the Ultra pruning levels. “

The Ocean will go into production in Graz, Austria, on November 17, the same day the 3D component is scheduled to launch as well as updates to the mobile app and website. Fisker will deliver a fleet of 15 SUVs to partner Magna in December.

Fisker said he is in discussions with potential partners to boost capacity mid-2024 by adding a US production site.

The car maker who went to the public through the SPAC صفقة deal In 2020, it posted a net loss of $149.3 million, or .49 per share, for the quarter ended September 30. That compares to a net loss of $109.8 million, or 0.37 loss per share, for the same quarter A. for a year.

Third-quarter revenue was $14 million, slightly less than $15 million from the same period last year.

During Wednesday’s quarterly earnings call, the automaker outlined its quarterly production plan for 2023. Fisker plans to build “more than 300” units in Ocean by the end of the first quarter, 8,000 units in the second quarter, 15,000 in the third, and the remaining balance of 42,400 unit in the fourth.

Fisker also said it is on track to begin production of its second car, the Fisker PEAR crossover, in 2024 with partner Foxconn at the former Lordstown Motors plant in Ohio. Foxconn site boughtoriginally a plant for General Motors, came from EV-fighting startup Lordstown Motors in May.

The company said it received more than 5,000 reservations for $30,000, an acronym for the “personal electric vehicle revolution.”

third model Luxury GT sports car Known internally as Project Ronin, it is still in development, Fisker said.

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