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Fisker Ocean EV production to ramp up to 300 units a day in fourth quarter

Electric-vehicle startup Fisker said on Thursday it expects to increase the production of its Ocean sports utility vehicle to about 300 units a day in the fourth quarter from around 180 units. The company has a manufacturing tie-up with Canadian auto part supplier Magna International, which produces its vehicles for the European and North American markets. Vehicle deliveries are expected to accelerate in North America in September, CEO Henrik Fisker said. As of Sept. 4, Magna has manufactured 3,123 vehicles, with just under 3,000 handed over to Fisker, the company said, adding that more than 450 Fisker Oceans in the US have been either delivered to customers or are in the process of being delivered. Last month, Fisker cut its annual production target due to supply chain issues. That overshadowed a smaller-than-expected quarterly loss and its first revenue from deliveries of electric sport utility vehicles. Even as suppliers recovered from a "COVID hangover" to keep pace with Fisker's production ramp-up, one key supplier of a complicated part which needs specific skilled labor, is taking longer than expected, the company had said. Green Plants/Manufacturing Fisker Crossover Electric

Fisker Magic Works to develop two new luxury EVs in the U.K.

Fisker Automotive is laying the groundwork for its third and fourth acts, to be led by a new division in the U.K. The first act is the Ocean crossover, due in production form at next month's L.A. Auto Show and due to enter production in November 2022. The Fisker Pear, whose model name stands for Personal Electric Automotive Revolution, is expected to arrive at the end of 2023. Following a year after that will be two new projects coming from the company's new Fisker Magic Works, set up earlier this month in the U.K. Former Aston Martin engineer David King, whose resume includes everything from the DB7 V12 to the Q by Aston Martin customization department, was hired as the SVP of engineering to lead development at the Magic Works.   Henrik Fisker said the overseas division "provides us with an opportunity to create sustainable and fantastic vehicles outside the confines of established industry segments," adding that he has already tasked King with shepherding "two exciting projects which will showcase our capability in highly specialized materials and technologies designed especially for the eco-conscious automotive enthusiast." He believes one of the coming electric vehicles will be a fringe member of its segment, but "the other one doesn't exist at all" yet. The new specialty models are planned to enter the market at the luxury end, one costing more than $100,000, one costing less. That's the other side of the buying pool from the Ocean, which will start at about $37,500, and the Pear, said to start at under $30,000. The products King is developing in England will be "serious production vehicles," but built at lower volumes than the Ocean and Pear. Before then, Fisker will be working to get the Ocean running down production lines at Magna's plant in Graz, Austria, and could be working with Foxconn to get Pear assembly going at the Chinese company's new facility in Lordstown, Ohio. Once we can get behind the wheel of the Ocean and drive it, then we'll know how much we can believe of what Fisker says will follow. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Henrik Fisker returns with plans to build a 400-mile electric car

What goes around, comes around. What's past is prologue. Those who don't study the past are ... oh, you get the picture. Henrik Fisker is coming back, again, with an all-new, all-electric vehicle. The name for the new brand? Why, Fisker, of course. At some point in late 2017, Fisker will reveal the "spiritual successor" to the maligned Fisker Karma, he recently told Bloomberg. Unsurprisingly, given Fisker's history, the new EV will be a premium vehicle that could have a range of more than 400 miles on a charge. A lower-cost EV (think $40,000) will follow. Fisker told Bloomberg that the reason he wants to get back into the EV world is because battery technology keeps on advancing: We have really been working in stealth mode. For the last two years I have been looking at battery technologies and wanted to see if there was something that could really give us a new paradigm. We had the strategy of developing the technology as fast as possible without getting tied down to a large organization, which would hold us back. Now we have the technology that nobody else has. And there is nobody even close to what we are doing out there. All Fisker would say about the look is that it will be, "sporty and spacious" and that, "there is no excuse for making an ugly car, even with new technology." Fisker's new company will be called Fisker, Inc., with the we've-got-all-the-tech battery division called Fisker Nanotech. The new technology is being developed at UCLA, Bloomberg says. Once Fisker, Inc. proves the tech is real, the plan is to sell it to an OEM. Fisker, Inc. is even keeping the same logo as when Fisker made the Karma PHEV as Fisker Automotive. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: BloombergImage Credit: FREDERIC J. BROWN/AFP/Getty Images Green Fisker Electric Luxury Henrik Fisker nanotech fisker inc