2023 Fisker Ocean on 2040-cars

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Fisker abandons solid-state EV batteries

Henrik Fisker's eponymous electric car startup has abandoned plans to develop solid-state battery technology, citing its lack of near-term viability (among other complications) in an interview with The Verge.  Fisker said the company felt it was "90 percent there" on solid state tech, but that the final 10% proved too challenging given the constraints of current technology. He feels the move to solid state battery composition will require a significant breakthrough followed by years of development.  "I think personally, they’re at least seven years out, if not more, in terms of any sort of high-volume format," he said. "... once you have a breakthrough in that technology, you need probably three years to set up high-volume manufacturing, and then you need another three years to do durability testing. So even if somebody invented it today, it would be at least probably six years out." "[W]e have completely dropped solid-state batteries at this point in time because we just donÂ’t see it materializing," Fisker said. "Would we do something in the future? If we do, it would be something completely new, and we obviously have a battery team thatÂ’s looking at the current technology thatÂ’s here. But the solid-state battery that we worked on, that just doesn't have a future at this point in time in the near future." As to whether Fisker's abandonment of solid-state tech had anything to do with the company settling a lawsuit brought by QuantumScape, Fisker cited the settlement's non-disclosure clause and nothing more. Fisker has shied away from promoting solid state battery development since the introduction of its production-intent Ocean electric SUV, which is going to be produced in partnership with automotive supplier Magna.  Meanwhile, others in the industry remain committed to solid-state battery tech, at least for the time being. Toyota said just months ago that it intends to introduce a solid-state prototype some time in 2021, with production viability coming as soon as 2025. That would be sooner than Fisker predicted, but not outrageously so, and if anybody has the resources to rapidly develop next-generation automotive powertrains, it's Toyota.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker Emotion | CES 2018

Karma's new China plant will revive Fisker Atlantic

Karma Automotive, the successor to high-end extended-range plug-in vehicle maker Fisker Automotive, is planning a factory in China that will make as many as 50,000 vehicles a year. The company is owned by China-based Wanxiang Group and has also reached agreements for 10 North American dealerships. Most impressively, there appear to be plans to revive the two-door "Atlantic" model that was planned by Fisker but never saw the light of day. Wanxiang Group will invest $375 million to build the factory in Hangzhou, Bloomberg News reports. No completion date has been set by Wanxiang, which Bloomberg said last year was China's biggest corporate investor in US real estate. Wanxiang acquired the former Fisker out of bankruptcy in 2014 for about $149 million, and renamed the company Karma. The four-door vehicle model that was previously known as the Karma will be relaunched as the Revero later this year. Karma Automotive also has a 550,000-square-foot factory in Moreno Valley, California, near Los Angeles. The wrinkle to the new factory, though, is that most of the cars produced there will be the two-door Atlantic. That model was unveiled in 2012, but Fisker never made good on its plans to start selling it to the public, and went bankrupt the following year. Karma said Monday that it reached agreements to relaunch its automobile line with 10 dealerships throughout North America, where it will sell the four-door Revero. The North American markets will be Atlanta, Chicago, Ft. Worth, Miami, Palm Beach, Los Angeles, Philadelphia, Detroit, Montreal, and Toronto. Karma is also planning to build an Orange County Brand Experience Center in Southern California, but it didn't reveal further details about that facility. Related Video: Featured Gallery Fisker Atlantic: New York 2012 News Source: Bloomberg News, Karma Automotive Green Plants/Manufacturing Fisker wanxiang atlantic fisker atlantic extended-range plug-in karma karma automotive

New Fisker owner Wanxiang is a $23-billion-a-year auto parts company

If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 billion in annual revenue, Automotive News says. Billion with a "b." In fact, the company generates about $3 billion a year from US autoparts sales alone, so it's no stranger to the domestic automotive industry. That said, there's plenty of work to be done to revive the company. Wanxiang US chief Pin Ni said the Karma has "hundreds of issues" that need fixing before the sleek but troubled sedan is manufactured again. One hurdle cleared, though, is the fact that Wanxiang also bought lithium-ion battery maker A123 Systems out of bankruptcy for $257 million. As for Fisker, Wanxiang beat out Hong Kong-based Hybrid Tech Holdings for the right to buy the automaker earlier this year for $126.2 million in cash and $8 million in assumed liabilities. And, while Wanxiang Group Chairman Lu Guanqui has recently been making the rounds with dignitaries such as US Vice President Joe Biden, Michigan Governor Rick Snyder and Delaware Governor Jack Markell, no details have been revealed about when Fisker will start making cars again.