2023 Fisker Ocean on 2040-cars

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Fisker to team up with Apple supplier Foxconn to build future EV

Electric-car maker Fisker Inc said it will work with Apple supplier Foxconn to produce more than 250,000 vehicles a year from late 2023. This would be the second upcoming new Fisker vehicle, after the Ocean electric SUV, and would be jointly developed with Foxconn. Fisker’s shares jumped 23.4% to $20.10 in premarket trading on Wednesday. The deal, codenamed “Project PEAR” (Personal Electric Automotive Revolution), is looking at markets globally including North America, Europe, China and India, Fisker said. Foxconn, AppleÂ’s main iPhone maker, has ramped up its interest in electric vehicles (EVs) over the past year or so. Foxconn has recently announced deals with Chinese electric-car maker Byton and automaker Zhejiang Geely Holding Group. Foxconn aims to provide components or services to 10% of the worldÂ’s EVs by 2025-2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said in October. The Taiwan-based companyÂ’s approach poses a major threat to established automakers that technology companies such as Apple and other non-traditional players could use contract assemblers as a shortcut to competing in the vehicle market. The EV space has been booming, with Tesla Inc still being the market leader. This week luxury electric-car maker Lucid Motors announced plans to go public by merging with a blank check company, even before regular production of its first model has begun. The recent run-up in valuations of several EV startups, including Nikola Corp and Lordstown Motors Corp, that have yet to produce saleable vehicles or meaningful revenue, has drawn comparisons to the dotcom bubble of 1999-2000, with analysts and investors expecting a near-term correction. Fisker said last year that Canadian auto supplier Magna International Inc would initially manufacture its first vehicle, the Ocean SUV, in Europe. The production is expected to start in the fourth quarter of 2022.

Fisker electric SUV named Ocean, and it'll have an app-based lease

Veteran car designer and Fisker chairman and CEO Henrik Fisker has done much teasing of his new electric crossover, and now it has a name: the Fisker Ocean. We like it, if we’re being honest. In the Fisker brandÂ’s previous iteration, during the era of the Karma, it had at one point planned a vehicle called the Atlantic, and we dig the marine theme. WeÂ’ve also got a few clear photos of the Fisker Ocean showing off its front and rear, as well as a look at its solar roof. On the tailgate, we can now see the “Ocean” badge beneath the Fisker logo. Fisker also announced that the Ocean will get an app-based leasing program, which Henrik Fisker himself has promised will be priced “way, way, way lower” than the electric Volvo XC40 under the Care by Volvo program (which starts at $700 a month), with “way, way, way more miles per year” and “no minimum term.” “The future of mobility is about enjoying an electric vehicle without hassle, long-term commitment and the prohibitive high cost of ownership,” Henrik Fisker said in a statement. “Driving the Fisker Ocean will be easy: through a flexible lease via a mobile app. And we take care of all the service and maintenance. Simply put, weÂ’re introducing the future of hassle-free, fun and easy e-mobility.” Reservations of for the Ocean open through the app on November 27. We wonÂ’t see the full reveal of the Fisker Ocean until January 4, 2020, but Fisker has offered a number of details about what it claims is “the worldÂ’s most sustainable vehicle.” The EV will come standard with an 80-kWh battery pack, with Fisker targeting about 250 to 300 miles of driving range on a charge. It features a solar roof, which could provide 1,000 miles of free range per year, with eventual hardware improvements increasing those efficiencies. Fisker has also put a lot of thought into the materials going into the Ocean. In lieu of leather, the crossover will feature a vegan interior. The carpet is made from recycled nylon, sourced from abandoned fishing line pulled from the oceans and other aquatic habitats. Eco-suede materials are recycled from recycled polyester and other recycled plastics. The car will also use rubber repurposed from tire manufacturing waste. Fisker will unveil the working, production-spec prototype during a livestream on January 4, but donÂ’t be surprised if we got more teasers between now and then, especially around the launch of the lease app.

Wanxiang wants to restart Fisker Karma production as quickly as possible

It appears that Wanxiang America's $149.2-million acquisition bid was about more than just owning the assets of Fisker Automotive. The Chinese auto parts maker is apparently serious about getting the Karma plug-in hybrid luxury vehicle back on the production line. "We will want to get the Karma back online as quickly as possible." "We will want to get the Karma back online as quickly as possible," Pin Ni, president of Wanxiang America, told The Boston Globe. More details will likely be released by Wanxiang now that US Bankruptcy Judge Kevin Gross has officially approved the purchase. Gross was satisfied that the purchase price includes a 20-percent stake in Fisker for creditors valued at $15 million – something that was not addressed by the original bids from Wanxiang and Hong Kong-based Hybrid Tech Holdings. Wanxiang also owns the maker of the Karma's lithium battery pack, A123 Systems. Creditors were delighted to see Wanxiang's bid, according to attorney William Baldiga, whose law firm represented creditors. "The value is six times what [Fisker] said it was worth when it filed for bankruptcy," Baldiga said, describing the negotiations as "two and a half days of yelling, screaming, bidding." In documents that Wanxiang filed with the federal court in January, Wanxiang mentioned a three-phase plan: building a hatchback version of the Fisker Atlantic (pictured above); restarting production of the Karma at Valmet in Finland, the plant where all the Karmas have so far been built; and then moving production to VL Automotive's manufacturing facility in Michigan. That means Bob Lutz, ex-General Motors vice chairman, could come back into the picture. In the first part of 2013, Lutz and Wanxiang tried to purchase Fisker. Lutz has as ownership stake in VL Automotive and wants to put small-block Corvette V8 engines into Karma bodies, calling the resulting vehicle the Destino. Wanxiang has said VL is the "soul of Fisker," so now that the company has the body, the revival can't be far behind. Featured Gallery Fisker Atlantic: New York 2012 News Source: The Boston Globe Green Plants/Manufacturing Fisker Electric PHEV a123 systems wanxiang karma