2023 Fisker Ocean on 2040-cars

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Nissan, Fisker in advanced talks on investment, partnership

Nissan is in advanced talks to invest in electric vehicle maker Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline, according to two people familiar with the negotiations. The deal could close this month, said the sources, who asked not to be identified because the talks are ongoing and have not been finalized. Terms being discussed include Nissan investing more than $400 million in Fisker's truck platform and building Fisker's planned Alaska pickup starting in 2026 at one of its U.S. assembly plants, one of the sources said. Nissan would build its own electric pickup on the same platform, the source said. Nissan has U.S. assembly plants in Mississippi and Tennessee. Fisker said on Thursday, when it announced it might not be able to continue as a going concern and would cut 15% of its workforce, that it was in talks with a large automaker for a potential investment and joint development partnership. It did not name the automaker. A Fisker spokesman said the company does not comment on speculation, while Nissan officials were not immediately available to comment. Fisker shares had been down about 45% before the Reuters report but pared those losses and were trading down about 25% with a market capitalization of more than $295 million. The term sheet is ready and the deal is going through due diligence, one of the sources said. Nissan was an EV pioneer with its fully battery powered Leaf hatchback in 2010 but has since struggled in the face of nimbler new entrants. A deal with Fisker would help it move into the growing U.S. electric pickup market. Nissan's talks with Fisker comes in the wake of the former's “rebalanced” relationship with its long-time alliance partner Renault. Last year, Nissan and Renault finalised terms of a restructured alliance after months of negotiations. They aim to have cross-shareholdings of 15% as part of the deal. The more limited alliance removes certain restrictions and has opened the door for Nissan to develop growth plans in areas such as EVs and software independent of Renault, said one of the sources, who is familiar with Nissan's thinking. The Yokohama-headquartered automaker is scouring “many, many opportunities,” the person said.

Henrik Fisker reveals the nose of the EMotion EV

UPDATE: Fisker has provided us with additional teaser photos that can be viewed above. An included press release also reiterated the claim that the EMotion will have an electric range of 400 miles, and that the company's UltraCharger system will be able to charge the battery for 100 miles of range in just 9 minutes. Henrik Fisker announced not too long ago that his eponymous car brand would reveal its new EMotion electric sedan this summer, and it seems the reveal is on track. Fisker revealed a new teaser photo on Twitter that shows the sedan. Though he only shared one photo to Twitter, it reveals a number of interesting details and changes compared with the previously shown concept. The first thing you'll likely notice is the "grille." It doesn't appear to actually have any openings, which makes sense considering an electric car doesn't really have a need for a large grille opening. This is probably also why Fisker calls it a "bright piece" rather than a grille. What it does have, according to Fisker, is a LIDAR sensor embedded in the middle. This implies that the EMotion will have some autonomous driving assists, and possibly a Tesla Autopilot-like self-driving mode. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The sensor's placement is also a clever way to integrate the system in an aesthetically pleasing manner. Previous self-driving cars, such as the first-generation autonomous Ford Fusion, had very prominent and ugly sensors mounted to the roof. Up to this point, the best integrated sensors were found on the autonomous Hyundai Ioniq, which hid the sensors in little black rectangles low on the car. They were far more subtle than other implementations, but still looked a bit awkward when spotted. The grille also looks larger than the one on the original concept and it leans back more. The entire front fascia has been revised, too, arguably for the better. The cluttered mess of vents, scoops, angles, creases have given way to a simpler, more rounded nose. The only vents left are those on each end of the front bumper. The car now also features a split headlight design like that of the current Jeep Cherokee and Nissan Juke, in which the lower lamps are the primary illuminators, and the upper lamps are for accent lighting and for use as turn signals. Fisker describes them as "eyes like a panther." We admit there is a distinct resemblance.

Recharge Wrap-up: Fisker owner Wanxiang owns a lot of US real estate, carmakers gaming EU emissions system

Wanxiang Group says it might now be China's largest corporate investor in American real estate. The owner of both Fisker Automotive and battery company A123 Systems, and parts supplier to Mazda and Chrysler, Wanxiang has invested in over 60 projects in the US since 2010. Returns on those investments have been "very, very, very" high, according to Wanxiang America President Pin Ni. "We can invest in clean energy, auto, real estate or anything, but the key is pegging it well to the economic cycle," says Ni. Read more at Bloomberg. Cars sold in 2014 in Europe are exceeding 2015 targets for emissions, but not necessarily for the right reasons. The cars produce 2.6 percent (or 123.4 g/km) less CO2 than cars sold in 2013, which is nearly 7 g/km less than 2015 targets. Unfortunately, these results are influenced in part by manufacturers taking advantage of flaws in the EU testing procedures for better results. Real-world fuel economy is about 31 percent less than official ratings. "These figures need to be treated with extreme caution," says Greg Archer, clean vehicles manager at Transport & Environment. Most of the measured improvement is being delivered through manipulating tests, not delivering real-world improvements. We need the new test to be introduced without further delay." Read more at DieselNet, or from Transport & Environment. Ballard will supply fuel cell modules for eight hydrogen-powered buses in China. Shipping later this year, the FCvelocityTM-HD7 power modules will power buses in multiple Chinese for cities. "We are now beginning to see meaningful evidence of growing demand for clean energy mass transportation alternatives in China, including both buses and trams," says Ballard President and CEO Randy MacEwen. "This demand is being driven by a pressing need to address China's challenging air quality issues, for which fuel cell technology is seen as an emerging option." Read more from Ballard in the press release below. Ballard Inks Deal to Supply Next-Generation Fuel Cell Power Product For Eight Buses in China April 15, 2015 Vancouver, Canada – Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced that it has received an order from a Chinese customer to supply its next-generation FCvelocityTM-HD7 power modules for 8 buses to be deployed in a number of Chinese cities. Ballard expects to ship all of the modules in 2015.