2023 Fisker Ocean One $72k Msrp on 2040-cars

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Fisker cuts production forecast as challenges mount for EV startups

Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to ramp up output in the face of supply chain constraints, easing demand and a tight cash position. Shares of the company slumped 12% in premarket trading. This comes just days after the automaker announced it had delivered its first Ocean SUV in Denmark, followed by its first vehicle registration in Germany. The results follow weak earnings and a production outlook cut overnight from Lucid Group Inc, sending its stock tumbling 10%. U.S. EV startups' hopes of shaking up the industry collided with rising interest rates and sluggish demand, with many grappling with production challenges. Market leader Tesla has also cut prices to stoke demand. Fisker now expects to produce between 32,000 and 36,000 units in 2023, compared with its previous target of 42,400 cars. The company blamed the cut on supply chain issues and an updated timing for homologation, or the certification for roadworthiness. Its 32-cent per share adjusted loss for the first three months of the year was also larger than Wall Street estimates for a 30-cent loss, according to Refinitiv data. As of March 31, Fisker had about $652.5 million in cash and cash equivalents, compared with $1.04 billion a year earlier. The company expects to produce between 1,400 and 1,700 vehicles in the second quarter. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Green Plants/Manufacturing Fisker SUV Electric

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.

Fisker Ronin $385,000 electric convertible early details revealed

Announced in May 2022, the Fisker Ronin will be positioned as the young brand's flagship model when it goes on sale later in the 2020s. It's still under development, but Fisker released preliminary specifications such as range and pricing to give us a better idea of what to expect. New images of the Ronin show a low-slung convertible with two full-size front doors, a pair of smaller rear doors, and pronounced wheel arches that are reminiscent of the Karma. The front doors open in a butterfly fashion, like in many modern McLaren models, while the back doors are rear-hinged to facilitate the task of hopping in the back seats. And your eyes aren't deceiving you: the Ronin looks more like a sedan than a convertible in some of the photos. Fisker explains the model will come standard with a power-operated hard top. It describes the Ronin as "a sizeable vehicle" that's capable of seating up to five passengers and that offers "exceptional" cargo capacity. The driver will face a futuristic-looking steering wheel with what looks like an integrated instrument cluster, a digital dashboard that's not unlike the Hyperscreen fitted to some current-generation Mercedes-Benz models, and a 17.1-inch display for the infotainment system. Powertrain details are vague at best, and Fisker warns that the figures it's providing could change because the Ronin is a work in progress. As of writing, it plans to deliver a convertible with over 1,000 horsepower and approximately 600 miles of driving range from a battery pack integrated into the aluminum space-frame chassis. Composite parts, including carbon fiber wheels, will help offset the drivetrain's weight. If everything goes according to plan, the Ronin will reach 60 mph from a stop in 2 seconds flat and keep accelerating until 170 mph. Fisker claims it will build 999 units of the Ronin by hand, though there's no word yet on where production will take place. Pricing starts at $385,000, a figure that puts the convertible in supercar territory, and deliveries are tentatively scheduled to start in the second half of 2025. We're taking this date with a grain of salt: hitting deadlines isn't one of Fisker's strengths. It initially planned to deliver the Ronin in 2024. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Fisker Ronin, preview images Green Fisker Convertible Electric