2023 Fisker Ocean on 2040-cars

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Fisker officially goes public, on track for 2022 production

Fisker has officially gone public, trading on the New York Stock Exchange under "FSR" as of Friday, the company announced this week. It was taken public as part of a merger/acquisition by Spartan Energy Acquisition Corp. "All the external pieces are now in place to execute our unique, asset-light business strategy, with today’s funding and the strategic cooperation announced with Magna on Oct. 15," said Fisker Chairman and Chief Executive Officer, Henrik Fisker, in the company's announcement. "We can now fully turn our attention to developing and launching the revolutionary, all-electric Fisker Ocean into the heart of the midsize SUV market, expected to commence in Q4 2022. We appreciate the confidence from all our shareholders and intend to deliver on our stated goals." Fisker announced last week that auto supplier Magna will provide the vehicle platform and build the electric carmaker's Ocean SUV. As part of the deal, Magna will receive warrants to purchase a stake of up to 6% in Fisker, giving the EV maker an overall valuation of about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. "As a result of the completion of the transaction, Fisker expects to have in excess of $1.0 billion (net of transaction fees and expenses) of cash on the balance sheet and no funded debt. This amount is expected to fully fund Fisker operations and the development of the Fisker Ocean program through the planned start of production in Q4 2022." Fisker, which is merging with Spartan Energy Acquisition Corp, said it had finalized a deal with Canada's Magna to build the Ocean in Europe, marking the Canadian supplier's first entry into contract manufacturing for an EV startup. While Magna has built vehicles for traditional automakers for years, analysts and investors have speculated it could eventually build for technology companies like Apple. Fisker stock was up more than 10% in its first day of trading (as of publication time). This article contains reporting by Reuters. Related Video:

Fisker Pear electric hatchback revealed in more detail

Just a few weeks ago, Fisker showed off the future of its electric lineup at its "Product Vision Day." Among the highlights was the new compact Fisker Pear, which is intended to arrive with a sub-$30,000 price point and be an affordable alternative to the likes of the Chevy Bolt (currently on hiatus) and Nissan Leaf. While the Pear isn't quite ready for prime time, Fisker has shared a host of photos to accompany a few new details about this budget-friendly EV.  We now know the Pear will measure approximately 15 feet long (4550mm) and will be offered in both five- and six-seater configurations, further enhancing what already promises to be a flexible and utilitarian platform. The cargo section is referred to as the Pear's "Houdini trunk," which allows access to the hatch area in tight nose-to-tail parking situations or low ceiling heights thanks to a rear glass section that opens downward into the rear load floor, rather than swinging up and out like a normal hatch. Fisker also hopes to launch the Pear with exterior camera mirrors, but those are still under review due to regulatory requirements. And then there's the "froot." Think frunk, only British — or vegetarian. It's a sealed front storage compartment intended to store things that should be isolated from the cabin, like sweaty workout gear or pungent leftovers. Fisker says it will even offer an insulated option for storing temperature-sensitive items. Gig drivers, take note. The cabin itself is "designed to be extremely durable, with no fragile moving parts." Fisker calls it a boon for families and ride-share drivers, but there's also an upside for the manufacturer that consequently doesn't have to bother with expensive physical controls.  Fisker says the Pear will also have a "Lounge Mode" that allows all of the seats to fold completely flat to create a relaxation or sleeping area along with a rotating, 17-inch screen to provide entertainment while you're stretched out. The six-seater option replaces the single front passenger seat and center console with a large two-seat bench.  Fisker also appears close to finalizing the Pear's electric range. Previously, the company said it was hoping to deliver up to 310 miles on the EPA test cycle. Fisker has revised that up to 320 miles on the high end. In addition, it's offering a target for the smaller, city-oriented battery pack that is expected to come standard at the Pear's $29,990 starting price.

Luxury EV Fisker Emotion revealed at CES 2018 in Las Vegas

Tesla has real competition as Fisker unveils EMotion at CES 2018. EMotion has a range of over 400 miles with a top speed of 161 mph. The luxury EV includes a fast charging feature that gives you 125 miles of range after 9 minutes of charging. For more coverage of CES 2018 head over to https://www.autoblog.com/tag/ces+2018/ CES Fisker Autoblog Minute Videos Original Video electric sedan