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Fisker EMotion EV and flexible solid-state battery debut at CES

We've been following Henrik Fisker's new company closely, and have taken a keen interest not just in his Fisker EMotion luxury electric sedan, but also in the battery and charging technology the company's been developing. Now, at the 2018 Consumer Electronics Show ( CES) in Las Vegas, we've gotten a full reveal of the upcoming vehicle, as well as new details about Fisker's solid-state battery technology, which has the potential for dramatic increases in electric driving range. Fisker teased the reveal of the EMotion in recent days, showing off the butterfly doors, and giving us a glimpse of the interior. Previously, we had learned of its fantastic, 400-plus-mile range and swift charging capabilities. A conversation we had with Henrik Fisker revealed more about the design, the battery and a secret charging method that he thought could change the EV game. Now, we have a lot more details about the car, though Fisker is still keeping some of his company's tricks under his hat. View 21 Photos The all-wheel-drive Fisker EMotion will have an estimated top speed of 161 miles per hour. It will be capable of Level 4 automated driving thanks to a suite of five Quanergy lidar sensors. The car will ride on 24-inch Pirelli low-rolling-resistance tires. The butterfly doors feature flush handles, and they open and close with the help of smartphone control. The car is about 197 inches long, with an overall height of about 52 inches, but Fisker says the packaging of the electric powertrain allows for a more spacious interior than most vehicles of this size. Let's talk more about that interior, as this is the first time we've gotten such a close look at it. It's very luxurious, combining the comfort of leather with the convenience of modern infotainment technology. Fisker says it will also offer a vegan interior option for the EMotion. The car has four individually adjustable electric seats, with a five-seat option with a rear bench. Fisker promised the car would provide entertainment when operating in autonomous mode, and that comes in the form of three driver-oriented screens, with a curved center screen, as well as an optional 27-inch rear curved screen for the Chauffeur Edition EMotion. The glass roof features four zones of tint, each electrically adjustable to let in your desired amount of light. The Fisker EMotion is set to launch by the end of 2019, with a starting price of $129,000. The company is currently taking reservations for $2,000 at its website.

Fisker bankruptcy auction scheduled for February 12

Will the long, twisted tale of Fisker Automotive and it bankruptcy assets finally end on February 12? It might, because that's the date a bankruptcy court has now set for an auction to let the bidders decide who will take home the plug-in automaker's goods. The auction will be held at the law offices of Kirkland & Ellis in New York, according to a new report in Reuters. As we know, China's Wanxiang Group and Hybrid Tech Holdings are the two companies who are most vocal in their desire for Fisker. After an initial bid of around $25 million, Hybrid Tech is now ready to start the bidding on the 12th at $55 million and basically called itself Fisker's best friend during this troubling time in a recent statement. The controllers of the Fisker assets say they prefer Hybrid Tech's bid to Wanxiang's. Fisker stopped making the plug-in hybrid Karma in late 2012 and filed for Chapter 11 bankruptcy last year. Fisker's assets were supposed to be sold to Hybrid Tech Holdings in early January, but a last-minute stalking horse bid by Wanxiang set in motion the series of events that will lead to the auction next month.

Over 40,000 customers reportedly cancel their Fisker Ocean reservation

Fisker's ongoing financial troubles have reportedly scared off a substantial number of the buyers who reserved the electric Ocean crossover with a refundable deposit. The company has lost more than 40,000 reservations that it will need to reimburse, according to a recent report. Citing leaked data and internal metrics, Business Insider wrote that Fisker received between 70 and 80 cancellations per day "in a recent seven-day average." The total number of canceled reservations stands at over 40,000, the report said, which represents a huge chunk of the reported 70,000-plus reservations the firm has collected since it opened the order book in November 2019. Fisker hasn't commented on the report. If this is accurate, the cancellations compound Fisker's problems in several ways. First, the brand's sales forecast has seemingly fallen by over 50%, meaning its revenue forecast has inevitably dropped by the same number. This comes at a time Fisker needs to generate more sales in order to stay afloat; it recently paused production of the Ocean to save money, and it's sitting on a massive inventory of unsold cars. Second, Fisker will need to refund the deposit it collected from every reservation holder who cancels, according to Business Insider and the brand's terms and conditions. It costs $250 to reserve one example of the Ocean and $100 for each additional reservation; both sums are refundable. Fisker keeps the $25 processing fee that's added to every reservation, however. The publication estimates Fisker owes its customer base about $9 million. It adds that "a few thousand" customers have separately canceled an order, though the $5,000 deposit on those isn't fully refundable. It's not far-fetched to assume some of the customers who reportedly canceled a reservation realized they can get a new Ocean right away for much cheaper than initially advertised — Fisker slashed the price of its leftover 2023 models by up to $24,000 in March 2024 to trim its inventory of unsold cars and generate cash. Other customers might have simply lost faith in a company teetering on the brink of bankruptcy. While the Ocean, which is built by Magna in Austria, is the only Fisker model that has reached production, the company has shown three other electric cars that it began taking reservations for and ostensibly planned to sooner or later build. There's a pickup called Alaska, a city car named PEAR, and a four-door convertible known as the Ronin.