2023 Fisker Ocean One on 2040-cars

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The Fisker Ocean's solar roof opens up in 'California Mode'

Henrik Fisker has pegged CES for the official unveiling of his upcoming Ocean SUV. The production prototype will make its public debut on January 7, 2020, with an intended launch in 2020. Leading up to the event, Fisker has been slowly dropping bits of information, and we've already seen nearly the entire vehicle. The most recent announcement showed off a new patented feature called California Mode, which at the press of a button can lower all the Ocean's windows and slide open its solar roof panels as well. In total, pressing the California Mode button moves nine different panels. The three windows on each side of the SUV go down, the rear hatch's glass drops into the body, and the two panels that make up the solar roof shift to open, as well. Fisker didn't release a video of the action, but it appears the front-most part of the solar panel overlaps the rear portion and both slide back. The photos take the opportunity to show that with the rear glass down, a surfboard could fit inside the car with only a small bit sticking out. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker bills the Ocean as a pinnacle of sustainable automotive engineering. It runs purely on electricity and will have an estimated range of 250 to 300 miles. Parts of the SUV will use recycled materials and plastics, as well, to create a vegan interior. Fisker says the solar tech could potentially add up to 1,000 miles of range per year, although that really isn't much. The California-based company is also aiming to make the vehicle affordable and accessible. Fisker says the car will be available on a subscription basis with a starting price of $379 per month and no long-term contract. Reservations are open now for $250. We'll have more information and photos after the debut next month. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

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 is laying off 15% of staff and says it needs more cash ahead of a 'difficult year'

Electric vehicle startup Fisker is planning to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months. The company says it is trying to find a way to raise that money as it works through a pivot from direct sales to a dealership model. "[W]e have put a plan in place to streamline the company as we prepare for another difficult year," founder and CEO Henrik Fisker said in a statement. Fisker reported more than 1,300 employees as of the end of September 2023, meaning the cut could affect close to 200 people. The company's share price plunged 35% in after-hours trading. Fisker said Thursday that it finished 2023 with $396 million in cash, though $70 million of that is restricted. The company says it is talking with one of its lenders about making "an additional investment" in the company. It also claims it is "in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing." A partnership like that will be crucial, as Fisker executives said on a call Thursday that it won't invest any more money in its future products unless it works with another automaker. That means the fates of a pickup truck, compact EV and other models that Fisker has teased are now in question. The company's financial struggles come as it is trying to move to a wholesale model built around partnerships with dealers, a shift that Fisker says has "negatively impacted" its sales so far. It's currently sitting on inventory of thousands of vehicles that are collectively worth more than $500 million. Fisker says it has received interest from around 250 dealerships but has only signed up 13 to date. Fisker has also been dealing with a number of problems with its Ocean SUV, its only model so far, as TechCrunch reported earlier this month. The company has said it resolved some issues with a software update in December and planned to fix many more in a larger 2.0 update earlier this month, but that only started making its way to customer vehicles this week. It is currently being investigated by the National Highway Traffic Safety Administration for reports of sudden brake failure, as well as for a handful of vehicle rollaway incidents. A number of big automakers are pulling back on their aggressive EV targets, and newer players are having trouble as well.