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5 new electric car companies coming in 2023 and beyond

It’s an exciting time in the automotive world as the industry shifts to electric vehicles at a rapid pace. With the changes, there are opportunities for new automakers to get traction and join the EV frenzy. Tesla did it over a decade ago, and now, a handful of well-funded startups hope to take on legacy automakers with new and innovative EV models. To help you make sense of the market, weÂ’ve outlined some more promising EV upstarts that weÂ’ll see in the next couple of years. LetÂ’s get rolling with our list of new EV automakers weÂ’ll see soon. VinFast VinFast is a Vietnamese automaker with headquarters in Singapore. ItÂ’s the first brand from the company to sell in other countries. The company says it will open dozens of dealerships in the U.S. by the end of 2022, though all will be in California. Two models will be available when the automaker launches in the U.S.: VF 8 and VF 9. VinFast will offer a unique battery subscription service that separates the cost of the vehicle and the battery. Read more: How Vietnam's VinFast wants to reach America's EV mainstream Read more: VinFast plans competitive pricing* to win over U.S. EV market (batteries not included)   Fisker Henrik Fisker, the guy who designed the BMW Z8 and Aston Martin DB9, didnÂ’t have the best luck with his first self-named automotive company in the 2000s. The Fisker Karma he created during that time lived on as the Karma Revero and now the Karma GS-6, but the original Fisker Automotive is long defunct. The auto design genius is back with another company bearing his name, though this time itÂ’s sleek electric vehicles heÂ’s designing, not futuristic plug-in executive sedans. The Fisker Ocean will be first out of the gate and is expected to start production in late 2022, and it's expected to be followed by the low-cost and unique Fisker Pear. Read more: All our coverage of the Fisker brand   Canoo CanooÂ’s vehicles look as funky as its name sounds, but that uniqueness has made the company hard to forget. That said, Canoo has had its share of management disputes and challenges getting products off the ground. The automaker plans to release a van, a pickup truck, and a boxy delivery van that looks like itÂ’s made from Legos. CanooÂ’s van and truck feature a unique cab-over design that places the driver and front passenger over the front axle rather than behind it. The look is similar to old-school semi-trucks and school buses and is unlike anything else on the road.

Henrik Fisker previews secretive car with gorgeous butterfly doors

Earlier this month, Henrik Fisker announced plans for a 400-mile electric car that would follow up on the failed Fisker Karma. Fisker recently took to Twitter where he posted a picture of a mysterious vehicle with magnificent dihedral (also known as butterfly) doors. This, then, is our first look at Fisker's upcoming electric vehicle. So far, everything looks good. Besides the dihedral doors, there's not much to go off of. Dihedral doors aren't new, as McLaren uses the units on its entire range (as do other cars, mainly exotics), but the rear-hinged ones are unique. We've seen suicide doors and falcon doors on four-door vehicles, but no rear-hinged dihedral ones intended for production that we can recall. According to Fisker, the upcoming model uses the fancy doors for better ingress and egress. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Other than the nifty doors, the front fascia has what looks to be LED accent or running lights on the side, while the rear taillights are also LED units. As Fisker claimed earlier this year, the upcoming electric car will be a "spiritual successor" to the Karma and that shows in the profile of the car, although the teased car has shorter front and rear overhangs. Fisker hasn't released a lot of information on the upcoming vehicle, besides that it would be "sporty and spacious." The outline of the vehicle definitely looks sporty, but there's no way to say if it's spacious from the one image. The new vehicle will be Fisker's first under his new company called Fisker Inc. The battery technology for the vehicle is currently being developed at UCLA, by the company's own battery division known as Fisker Nanotech. The vehicle is expected to be revealed late next year. Related Video: News Source: @FiskerOfficial Design/Style Green Fisker Electric Future Vehicles Sedan Henrik Fisker nanotech fisker inc

Fisker misses second-quarter production target due to parts shortage

Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading. The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected. "A few suppliers had challenges ramping to the targeted 2Q levels, as they did not receive components from sub-suppliers in a timely manner," Fisker said in an exchange filing, adding that it expected to produce over 1,400 vehicles in early July. Fisker, which will report its second-quarter earnings on August 4, produced 55 vehicles in the March quarter. It began deliveries in the United States last month. The production figures come as some EV firms face dwindling cash reserves, pressured by high costs related to production ramp-ups and inflation. Last month, Lordstown Motors filed for bankruptcy protection, while Electric Last Mile Solutions filed the same last year. In contrast, EV behemoth Tesla and Rivian Automotive beat market estimates for second-quarter deliveries. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.