Fisker Ocean, page #6

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Fisker abandons solid-state EV batteries

Henrik Fisker's eponymous electric car startup has abandoned plans to develop solid-state battery technology, citing its lack of near-term viability (among other complications) in an interview with The Verge.  Fisker said the company felt it was "90 percent there" on solid state tech, but that the final 10% proved too challenging given the constraints of current technology. He feels the move to solid state battery composition will require a significant breakthrough followed by years of development.  "I think personally, they’re at least seven years out, if not more, in terms of any sort of high-volume format," he said. "... once you have a breakthrough in that technology, you need probably three years to set up high-volume manufacturing, and then you need another three years to do durability testing. So even if somebody invented it today, it would be at least probably six years out." "[W]e have completely dropped solid-state batteries at this point in time because we just donÂ’t see it materializing," Fisker said. "Would we do something in the future? If we do, it would be something completely new, and we obviously have a battery team thatÂ’s looking at the current technology thatÂ’s here. But the solid-state battery that we worked on, that just doesn't have a future at this point in time in the near future." As to whether Fisker's abandonment of solid-state tech had anything to do with the company settling a lawsuit brought by QuantumScape, Fisker cited the settlement's non-disclosure clause and nothing more. Fisker has shied away from promoting solid state battery development since the introduction of its production-intent Ocean electric SUV, which is going to be produced in partnership with automotive supplier Magna.  Meanwhile, others in the industry remain committed to solid-state battery tech, at least for the time being. Toyota said just months ago that it intends to introduce a solid-state prototype some time in 2021, with production viability coming as soon as 2025. That would be sooner than Fisker predicted, but not outrageously so, and if anybody has the resources to rapidly develop next-generation automotive powertrains, it's Toyota.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker Emotion | CES 2018

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 electric pickup truck previewed in rendering

Fisker CEO and car designer Henrik Fisker has posted an illustration of an electric pickup, promising class-leading efficiency and radical design. The rendered truck features muscular flared fenders, a rooftop spoiler that doubles as a center high-mount stop light (CHMSL), and neat taillights that extend onto the bedsides. It's billed as a lifestyle vehicle rather than a workhorse, and does not wear any obvious name on the tailgate. The image was posted to Fisker's personal LinkedIn profile, as discovered by CarBuzz, along with the following caption: "Ok, yes, next vehicle might be a lifestyle pick up truck! But not just any truck! We want to create the lightest, most efficient EV pick up in the world! Making it, the most sustainable! image is just a teaser! Not the final: final will be way more radical!" While Fisker's excitement is conspicuous, and the truck does look cool, we can't help but question whether a production version is actually coming. About a year ago, Fisker tweeted an image of a pickup truck named the Alaska and then quickly deleted it. It had been captioned, "After our Fisker electric SUV, we have already decided on our next 2 EV’s on the same platform!" referring to what turned out to be the Ocean crossover. Perhaps it wasn't meant to be revealed just yet, or perhaps the timing was poor, considering that it came just days after a huge round of layoffs. In fact, Fisker has been bleeding talent, with one whistleblower claiming that the company is putting on a smoke-and-mirrors show to grab more cash from its Chinese investors. Whether or not the truck is vaporware, the projected timeline puts production sometime around 2025. It will be entering a very crowded marketplace, with 10 possible competitors coming to the EV pickup market, some coming from far more established players. As we said when Fisker showed the Ocean last July, it's proven it can talk the talk. Now it has to walk the walk. Related Video:

Fisker officially goes public, on track for 2022 production

Fisker has officially gone public, trading on the New York Stock Exchange under "FSR" as of Friday, the company announced this week. It was taken public as part of a merger/acquisition by Spartan Energy Acquisition Corp. "All the external pieces are now in place to execute our unique, asset-light business strategy, with today’s funding and the strategic cooperation announced with Magna on Oct. 15," said Fisker Chairman and Chief Executive Officer, Henrik Fisker, in the company's announcement. "We can now fully turn our attention to developing and launching the revolutionary, all-electric Fisker Ocean into the heart of the midsize SUV market, expected to commence in Q4 2022. We appreciate the confidence from all our shareholders and intend to deliver on our stated goals." Fisker announced last week that auto supplier Magna will provide the vehicle platform and build the electric carmaker's Ocean SUV. As part of the deal, Magna will receive warrants to purchase a stake of up to 6% in Fisker, giving the EV maker an overall valuation of about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. "As a result of the completion of the transaction, Fisker expects to have in excess of $1.0 billion (net of transaction fees and expenses) of cash on the balance sheet and no funded debt. This amount is expected to fully fund Fisker operations and the development of the Fisker Ocean program through the planned start of production in Q4 2022." Fisker, which is merging with Spartan Energy Acquisition Corp, said it had finalized a deal with Canada's Magna to build the Ocean in Europe, marking the Canadian supplier's first entry into contract manufacturing for an EV startup. While Magna has built vehicles for traditional automakers for years, analysts and investors have speculated it could eventually build for technology companies like Apple. Fisker stock was up more than 10% in its first day of trading (as of publication time). This article contains reporting by Reuters. Related Video:

Auto startups chasing Tesla race past red flags to go public

Missed out on the Tesla rally but still want to surf the electric vehicle wave? A stream of EV-related startups backed by blank-check firms is lining up to go public so there are plenty of choices. But like Tesla in the early days, few have products ready to sell or any likelihood of generating significant revenue anytime soon. Instead, investors will be relying on rosy production, sales and revenue forecasts for new cars, trucks and batteries, all set to be jostling for a slice of markets that will be far more crowded than when Tesla's cars first hit the road. Take Fisker Inc, for example. It was launched in 2016, just three years after the bankruptcy of its predecessor and early Tesla rival Fisker Automobile. In July, Fisker Inc announced a $2.9 billion reverse merger deal with Spartan Energy Acquisition Corp, a Special Purpose Acquisition Company (SPAC), and is planning to go public later this year. It has no revenue and its Fisker Ocean electric sports-utility vehicle (SUV) is at least two years away from production in a project heavily dependent on nailing down deals with partners who will build the car and provide key components. That's not particularly unique for young companies in the sector looking to use SPACs to go public and bypass the scrutiny of a traditional IPO process, according to company presentations and interviews with executives and investors. That also didn't seem to be an issue earlier this year when U.S. electric truck maker Nikola Motors used a SPAC to go public. Shares in the company that hopes to generate revenue next year almost trebled after listing on the Nasdaq exchange. But they slumped when a short-seller questioned whether founder Trevor Milton had made false claims about Nikola's technology, forcing the 38-year-old entrepreneur to step down as executive chairman — and making some investors more cautious. Nikola and Milton have publicly rejected the accusations and have threatened to take legal action against the short-seller, Hindenberg Research. "Good storytelling is an important component of being a good founder and entrepreneur — but it better not be the only component," says Evangelos Simoudis, managing partner and founder of startup investor Synapse Partners. 'IT'S A FORECAST' Fisker Inc's founder Henrik Fisker is well known in the industry for designing sports cars such as Aston Martin's Vantage, and for his failed EV firm Fisker Automobile that went bust in 2013 after burning through more than $1 billion.

Here are 12 electric pickups in the works

With the unveiling of the GMC Hummer EV, the list of planned electric pickups is expanding. Legacy automakers like Ford and Chevy have theirs coming, as do startups like Tesla, Rivian and Bollinger, as well as some lesser known brands. Here are all the electric pickup trucks we know to be in the works, along with a few that are being discussed or mulled over. GMC Hummer EV The 2022 GMC HUMMER EV is a first-of-its kind supertruck develop View 40 Photos We’ve seen it now, and itÂ’s the business. The GMC Hummer EV comes out swinging with 1,000 horsepower from GMÂ’s new Ultium electric powertrain program, a wealth of off-road features, a removable roof, Super Cruise and the revival of the Hummer name. WeÂ’ll see the first ones on the road next fall. Tesla Cybertruck Tesla Cybertruck at the Petersen Museum View 14 Photos Tesla revealed the Cybertruck last year with, ahem, unique styling, a number of powertrain options and a claimed range of up to 500 miles. It has a compressed paper dash, a ramp for the bed, and “shatterproof” windows. It has already racked up hundreds of thousands of reservations. It will be built in Texas. Rivian R1T 2021 Rivian R1T View 15 Photos EV startup Rivian revealed its R1T electric pickup toward the end of 2018 with a claimed 0-60 time of 3 seconds and a towing capability of 11,000 pounds. Preproduction began in September 2020 at RivianÂ’s factory in Normal, Illinois. Bollinger Motors B2 Bollinger Motors B2 side outdoors View 31 Photos BollingerÂ’s B2 electric pickup is a Class 3 off-roader with retro styling, removable roof panels, and a unique “frunkgate” with a pass-through down the center of the vehicle. It was created with both enthusiasts and workers in mind, with features that can get it to remote places (portal axles, hydro-pneumatic suspension) and to get things done (room for 40 2x4s, equipped with eight 110-volt outlets and one 220-volt outlet). Bollinger also plans to make the B2 Chassis Cab available for fleet customization. Ford F-150 Electric Electric Ford F-150 Towing View 9 Photos WeÂ’ve known this to be in the works since early 2019. Since then, details have trickled out. Back in June, Ford announced its F-150 Electric would be coming within two years. WeÂ’ve seen it pull a million pounds worth of train and trucks, heard it will have more power than any other F-150, and seen its LED-laden front end.

Henrik Fisker interview, and driving the Polestar 2 | Autoblog Podcast #643

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. They've been driving the updated 2021 Honda Odyssey, the 2020 Mercedes-AMG GLC 43 and the new Polestar 2 electric sedan. After reviewing those, they talk about how the Chrysler 300 appears to be withering on the vine. Next, they take time to talk to legendary automotive designer and eponymous Chairman & CEO of Fisker Inc., Mr. Henrik Fisker himself, about jeans, horses and, of course, electric cars. Finally, they help a listener pick a $100,000 supercar in the "Spend My Money" segment. Autoblog Podcast #643 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2021 Honda Odyssey 2020 Mercedes-AMG GLC 43 2020 Polestar 2 Chrysler 300 soldiers on for 2021 with pared-down range, higher price Henrik Fisker interview Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Fisker plans lineup of four electric vehicles by 2025

Fisker recently declared it wants to secure the rights to use Volkswagen's MEB platform to underpin an electric crossover named Ocean. Although the deal hasn't been finalized yet, it released a preview image that sheds light on some of the other cars it plans to release. Company founder Henrik Fisker envisions a four-car range by 2025. Introduced as a concept at CES 2020, the Ocean takes the form of a battery-powered soft-roader that's about the same size as the Ford Mustang Mach-E. Although we don't know which platform it will be built on yet, it's expected to enter production in early 2021 and land with a base price in the vicinity of $38,000 before local and federal incentives enter the equation. Fisker announced it will also launch a flexible lease program. Fisker described its second vehicle as "a segment-busting super-sports sedan based on the EMotion concept," and its preview image shows the design study it introduced during CES 2018. There's no word yet on how it will evolve as it makes the transition from a show car to a production car, but Fisker explained it delayed the sedan's introduction until 2022 at the very earliest, in part because the solid-state battery technology it hopes to make available isn't ready for production yet. It also anticipates the Ocean will sell in greater numbers than the EMotion. The California-based company's range will also include a "sports crossover," which looks like a fastback on stilts in the vein of the BMW X4. Shown for the first time, it seemingly receives a much sportier design than the Ocean. Finally, it reaffirmed its plans to enter the burgeoning electric pickup segment, but the truck it plans to catapult into this increasingly crowded ring is hidden under a sheet. Fisker added all of the aforementioned models will be built using "platforms, battery packs, and components" sourced from the world's leading manufacturers and suppliers. They'll all be electric — gasoline-, diesel- and hybrid-powered vehicles aren't part of Fisker's plan. Fisker can talk the talk, there's absolutely no doubt about it, but now it needs to prove it can walk the walk. It's in the process of going public by merging with a blank-check company backed by Apollo Global Management. The deal will give it a $2.9 billion value, and provide it with $1 billion in gross proceeds it will use to make the Ocean a reality. Proceeds from that model will presumably be used to develop and launch production of its other cars.

Fisker commits to Extreme E electric off-road series

EV manufacturer Fisker has committed to Extreme E, the company confirmed Monday, and is in "advanced talks" to become a series partner and potentially field a factory team. The Extreme E series is the brain child of Formula E mastermind Alejandro Agag. It will feature purpose-built 4x4s EVs racing in remote, spectator-free venues with coverage provided by drones. The series will visit remote regions of Nepal and Saudi Arabia, among other locales, and teams will be transported from one leg to the next via ship. Extreme E is refitting a 7,716-ton former Royal Mail Ship, the RMS St. Helena, to serve as transportation and floating paddock. There will be five races in the 2021 season — if all goes to plan. The series' remote nature will make it less accessible to fans, but the choice of such locales was intended to highlight "[...] the impact of climate change and human interference in some of the worldÂ’s most remote locations and promotes the adoption of electric vehicles to help preserve the environment and protect the planet," the series announcement said.  "Alejandro brought electric vehicle racing into the mainstream with Formula E and I fully support his vision to reinvent off-road racing at the same time as creating an education platform for the threats posed by climate change. Extreme E and Fisker Inc. are completely aligned in our mission and values," said CEO Henrik Fisker. Extreme E will use a spec chassis. Dubbed the Odyssey 21, it will be built by French company Spark and powered by batteries designed by the Williams Formula One team. Spark says the Odyssey 21 can do 0-62 mph in 4.5 seconds and with a range of 200km in non-racing conditions. The top speed is around 200 kph (or approximately 120 mph). While the chassis and battery pack will be provided, manufacturer teams will be tasked with developing their own electric motor and inverter. They will also have leeway in designing certain body panels, allowing them to make the Odyssey 21 look more like their own production models.   

Fisker trying to secure Volkswagen's MEB platform for the Ocean

Henrik Fisker took his beating, stayed in the ring, and appears to be getting on top of the fight to be an electric vehicle automaker. At the beginning of the week, Fisker Inc. announced a merger with special purpose acquisition company (SPAC) Spartan Energy Acquisition Corp, backed by private equity firm Apollo Global Management. The merger would value Fisker at $2.9 billion in preparation for a listing on the New York Stock Exchange. This is the same maneuver Nikola Motors recently employed in order to go public. Spartan filed a trove of documents with the Securities and Exchange Commission in advance of the filing, one of them an investor presentation that explained some backstory and hoped-for production path for Fisker's Ocean electric crossover. One key piece of info is that Fisker is in talks with Volkswagen about using VW's MEB modular electric platform and ancillary components for the Ocean. The agreement would include battery packs as well. One slide asserted that "anticipated access to Volkswagen’s industry-leading EV component quality, pricing, and supply chain ... accelerates time to market and dramatically reduces vehicle development costs." Furthermore, this attempt at deeper collaboration with VW is part of a two-year growing partnership. The Verge went through the presentation, noting that Fisker and VW entered a memorandum of understanding in 2017, upgrading that to a "collaboration agreement" in 2018. Audi subsidiary Italdesign built the Ocean crossover Fisker debuted at this year's Consumer Electronics Show, the prototype described as a "near-series prototype" and sitting an MEB platform. This month, the two companies could sign a "cornerstone agreement" to formalize "costs, production capacity, and a timeline." If that happens, a contract covering supply and manufacturing would be consummated before the end of 2020. The timeline in the presentation notes earnest prototype testing next year, with production planned for late 2022. Separately, however, Fisker has said, "Prototype vehicles are expected to start durability testing by the end of this year, and we continue to make significant progress on the development of our sales and service proposition." If the IPO clears all hurdles, Fisker Inc. could receive $1 billion to put toward Ocean development and production. Meanwhile, a recent funding round secured $50 million from Moore Strategic Ventures.