2023 Fisker Ocean on 2040-cars

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Fisker Alaska electric pickup specs, price and production plans revealed

One of the more exciting vehicles that Fisker revealed earlier this month was the Alaska electric pickup. The specs look promising, and the truck has an attractive enough design, and now Fisker has even more details to share. Its size was a bit of a question before, but now we know that it measures 208.8 inches in length. That makes it a few inches shorter than most of the midsize pickups currently on the market, but a good bit larger than compact trucks like the Ford Maverick and Hyundai Santa Cruz. Basically, think of it as a small midsize pickup. Fisker also revealed that there will be two battery packs available. A 75 kWh pack will offer about 230 miles of range. The larger 113 kWh pack promises up to 340 miles on a full charge. Performance will vary depending on how you spec it, too. The slowest version of the Alaska will do the 0-60 mph run in 7.2 seconds, and the quickest will do the same in 3.9. A starting price of $45,400 is the current, expected MSRP, though Fisker makes it clear that this and all the other specs it laid out today are “targeted specifications.” Basically, donÂ’t be surprised to see all these numbers change a bit once Fisker gets closer to a launch date. Fisker says the Alaska will be manufactured in the U.S. (presumably with the goal of qualifying for the federal EV tax credit). As for when the Alaska hits the market, said production is claimed to begin in the first quarter of 2025. Those interested can reserve one for $250, and if you really love this truck so much already, you can reserve a second one for only an additional $100.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Tesla Model S Plaid 2022 review and reaction

Fisker-Foxconn EV partnership 'moving faster than expected'

U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its "accelerating" partnership with Foxconn. The company, which reported its second-quarter earnings Thursday after market close, raised its business outlook for expectations for key non-GAAP operating expenses and capital expenditures for the full year up from its previous guidance of $450 million to $510 million. The earnings report pointed to R&D spending on prototype activities in 2021 driven by testing and validation on advanced driver assistance systems, powertrain and user interface. The company also noted an increase in spending on in-house costs, such as virtual validation software tools, hiring and virtual and physical testing to account for recently tightened Euro NCAP and IIHS safety regulations. Co-founder, CFO and COO Geeta Gupta Fisker added during an investor call that the company made a strategic decision to develop internal capabilities to test and validate, instead of relying solely on third parties. Co-founder and CEO Henrik Fisker said in an interview Thursday its partnership with Foxconn, which is "moving faster than expected," also is contributing to an increase in spending. "We were really aligned," Fisker said in an interview Thursday. "I mean it's a very unique business deal because we are both investing into this program; it's not like we just hired Foxconn to make a car." Fisker has two vehicle programs in the works. Its first electric vehicle, the Fisker Ocean SUV, will be assembled by automotive contract manufacturer Magna Steyr in Europe. The start of production is still on track to begin in November 2022, the company reiterated Thursday. Deliveries will begin in Europe and the United States in late 2022, with a plan to reach production capacity of more than 5,000 vehicles per month during 2023. Deliveries to customers in China are also expected to begin in 2023. Fisker Ocean at the track View 6 Photos In May, Fisker signed an agreement with Foxconn, the Taiwanese company that assembles iPhones, to co-develop and manufacture a new electric vehicle.

Hybrid Tech just made $65 million from bankrupt Fisker loan

We can now see at least one possible reason for why Hybrid Tech Holdings LLC bought the US Department of Energy's loan to Fisker Automotive last year for $25 million. The purchase is apparently worth $90 million today. The number is part of a settlement agreement that has come out of the company's asset auction which was won by China's Wanxiang Group Corporation in February for $149.2 million. Hybrid Tech said that the secured DOE loan it owned was worth all of that $149.2 million, but the new agreement says that Richard Li's company is due $90 million instead. The rest of the money will be divvied up between the unsecured creditors (who will split $20 million plus $15 million in equity in Wanxiang affiliates) and "priority claim holders" ($8 million). Delaware media has been interested in the case since Fisker bought an old General Motors plant near Newport and now reports that the state does not expect to get a whole lot back from its $20-million investment. Fisker filed for bankruptcy in late 2012. The asset auction is officially known as "In re Fisker Automotive Holdings Inc., 13-bk-13087, U.S. Bankruptcy Court, District of Delaware (Wilmington)."