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Fisker teases $40,000 mass-volume EV to be revealed on March 18

Fisker news hasn't washed across the transom in a while, but Danish designer Henrik Fisker has been making waves. In one week, his latest venture, Fisker Inc., will debut a new battery-electric vehicle that will cost "close to $40,000." Based on the teaser photo and Fisker's comments about the car, we're expecting a small crossover. To be built in the U.S. and expected to launch in 2021, this will be the company's volume model eventually aiming for several hundred thousand sales per year. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. It will compete somewhere around the BMW X3 ICE category and Tesla Model Y EV segment. The only thing we know about its looks beyond the A-pillar and side mirror is Fisker's desire "to make it really futuristic-looking." At the same time, "it has to be very versatile because we obviously want to get into a certain high volume with the vehicle." Everything's still in flux, and Fisker has learned not to promise hard dates, so we won't be surprised if dates and specs change even after the March 18 reveal. A year ago, when the Fisker EMotion debuted at the Consumer Electronics Show, we wrote that it's "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." That's changed due to focus on the volume model. In an interview with CleanTechnica last September, Fisker said "we will go faster to the affordable, high-volume vehicle and the EMotion could come out either simultaneously or even after the high-volume vehicle." No doubt one timetable issue is the battery — Fisker wants a solid-state battery for the $40,000 car and the EMotion. In-house R&D has advanced to building small test units by hand. By the end of the year he wants batteries large enough to test in a car, and to have found a manufacturing partner to produce the batteries, followed by on-road testing throughout 2020. Fisker Inc has secured 15 patents so far for solid-state battery technology with 2.5 times the energy density of current lithium-ion batteries. The goal is 400 miles on a full charge and a full recharge in 10 minutes or less. We'll know more in a few days. Whatever waits under the covers will be judged against this standard: " We have to be so radical that we take the people who's maybe jumping ship from the big car makers.

Karma Automotive's next vehicle won't be the Atlantic, a coupe or a convertible, but it will be muscular

It's been a few months since we've gotten an update on what's happening at Karma Automotive. Since the car is here at the Detroit Auto Show, we stopped by and talked to Karma's TIm Oleston about where the company is and what's coming soon. Last fall, Karma was saying that its 550,000-square-foot factory in Moreno Valley, California would be up and running about now. But the timeline has turned into a more vague "some time in 2017," so we'll just have to wait for new about the start of actual production. Karma has run a few pre-production prototypes through the machines, and took 8-10 of them on a tour for prospective buyers in all the cities where the car will be sold (see the list here). On that tour, interested buyers were able to take the cars on test drives. "We wrung these cars out, in all kinds of weather," Oleston said, and none of them had a problem. We expect a spokesperson to give us the positive side of the story, but we'll take him at his word when he says that Karma engineers were expecting lots of problems, and were instead pleasantly surprised. The car itself remains pretty much the same as we're seen before, with 981 foot-pounds of torque and a top speed of about 128 miles an hour. Twenty-two-inch wheels are standard. The whole thing weighs about 5,400 pounds, so it's not going to win awards at the drag strip, but the more rigid chassis makes the Revero an excellent long-distance tourer, Oleston said, saying that he's spent thousands of miles behind the wheel. Oleston said that while the upcoming factory will be able to make more, if Karma sells about 2,000 Reveros, maybe 1,000 of them in the first year, that'd meet the company's expectations. As for the Karma model that's coming after the Revero, it will not be the Atlantic. Oleston said that the designers are working on "quite a few project," including ideas that take the "feline muscularity" of the Revero and crank it up a notch. Other than that, he would only hint at Karma's next model: "It's not a coupe, it's not a convertible. That's all I should say right now." More information will be coming in a few years, he said. The Revero's infotainment is getting a major overhaul. We knew this, and that it will have Android Auto and Apple CarPlay. You can see more in the video below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Fisker stock trades halted as talks with Nissan collapse

Fisker's talks with a large automaker for a potential deal have collapsed, it said on Monday amid growing uncertainty for the cash-strapped startup that last week paused electric-vehicle production.  Trading in the shares of the company, which did not name the automaker with which it was in talks, has been halted pending an announcement.  Fisker also said it will not be able to meet a closing condition related to its attempt to raise up to $150 million in funding by selling convertible notes after missing an interest payment.  Separately, Fisker said it would ask investors to vote on a proposal for a reverse stock split at a shareholder meeting on April 24, as it looks to maintain compliance with the Nasdaq's listing norms.  Reuters had reported earlier this month that Nissan was in advanced talks to invest in the company, however, earlier in the day, the Japanese automaker held an event in which it announced a long-term business plan, including its EV strategy, and said it was looking for partners in the United States.  Raising funds has been hard for loss-making electric vehicle startups, which have little in way of revenue as they struggle to ramp up production and deliver to customers, as the companies battle stiff competition and a tough economy.  The EV startup's shares have cratered this year, losing more than 90% of their value, after it flagged going concern risk in February and paused investments in future projects until it secured a partnership with an automaker.  Fisker pivoted to a dealer-partner model earlier this year, after it delivered less than half of the vehicles it made in 2023 due to logistics issues.    Earnings/Financials Fisker Nissan