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“Fisker is delivering on our SOP commitment despite a challenging environment due to our focused collaboration with all of our partners and suppliers. We are making deliberate choices on how to best deploy capital and structure our assembly volumes for a successful ramp.”

The company says it is now focused on execution and is in the process of transitioning its engineering and purchasing teams to PEAR. As for reservations, Fisker claims it has over 5,000 of them as of October 31, compared to 4,000 in August.Fisker also noted that net reservations and orders for the Ocean totaled over 62,000 as of October 31, 2022, compared to the 58,000 reservations Fisker said it had in August. Fisker will begin taking firm orders for the Ocean in select global markets starting in mid-January 2023 with the Extreme trim. Retail customer deliveries are expected to begin in February 2023 following European and US homologation.

At first, the company will focus production and delivery on orders for the limited edition Ocean One, which will be the only model built until Q2 2023. After that, production of the Ocean Extreme will also begin. But before all that, Fisker will deliver a small commercial fleet of 15 Oceans to Magna in December 2022.

The startup added that production of Fisker Ocean customer vehicles at Magna Steyr’s plant in Austria will begin as planned on November 17, which is exactly two weeks from now. From the start of production to the end of 2023, the company plans to build 42,400 Ocean units.Fisker also had some updates to share about the PEAR entry-level EV. Development is progressing well, with the first concept phase being signed off. Interestingly, the company expects to have a drivable prototype “ahead of time,” without providing a timeline. The ambitious production plan is based on a detailed four-stage supplier ramp up, developed to help ensure that parts suppliers would follow the company’s anticipated production ramp volumes. For 2023, Fisker plans to build 300 Ocean EVs in Q1, over 8,000 in Q2, over 15,000 in Q3, and over 19,000 in Q4. Fisker says the Ocean saw double-digit increase in premium trim configurations in recent months. That’s not exactly a surprise seeing as the base Fisker Ocean Sport and mid-range Fisker Ocean Ultra trim levels are sold out in the US for 2023.

Things are looking pretty good at the moment, with Fisker disclosing it had more than $824 million of cash and cash equivalents as of September 30, 2022. The company said this reflects its “prudent liquidity management and positions the Fisker Ocean for a successful launch.”On November 13, 2017, Fisker Inc. announced that it had filed patents on flexible solid-state battery designs, expecting the batteries to be produced on a mass scale around 2023. A prototype of the battery, which included 21700 NCM cells from LG Chem, debuted at the Consumer Electronics Show in January 2018. Fisker’s development team included Fabio Albano, one of the founders of Sakti3, the solid-state battery startup sold to Dyson in 2015. Solid-state batteries have greater energy density and faster charging times than lithium-ion batteries. In October 2018, Fisker Inc. announced new funding through Caterpillar Venture Capital, a subsidiary of the Caterpillar Inc. heavy-machinery manufacturing company, with the money going toward development of Fisker Inc.’s solid-state battery technology.

The PEAR is an announced “urban” electric vehicle planned by Fisker. The company intends to charge $29,900 before taxes and incentives in the US. The PEAR is planned to be built at Foxconn’s plant in Lordstown, Ohio using the Foxconn MIH EV platform with an initial production target of 250,000 annually. As of February 15, 2022, Fisker Inc. has started to take reservations for the PEAR.On October 3, 2016, chairman and CEO Henrik Fisker announced the formation of Fisker Inc., an American automaker, with his wife and co-founder Geeta Gupta-Fisker as president and CFO. On July 8, 2020, Fisker announced the completion of a $50 million Series C financing round funded by Moore Strategic Ventures, the private investment arm of Louis Bacon.In January 2022, Henrik Fisker announced that Fisker Inc. is setting up its first India entity, a global technology center, in Hyderabad. The company has started recruitment for the center, and plans to have a team of 300 software engineers, working mainly on software technologies. The company plans to set up a manufacturing plant in India for the PEAR, in collaboration with Foxconn. Fisker Inc. and Foxconn plan on producing 1 million units of the PEAR initially.On March 18, 2019, Fisker announced an all-electric SUV to be launched in 2021. It is intended to be the first of three in a lineup of mass-market all-electric vehicles designed by Henrik Fisker and originally planned to be produced in the US. Later named the Fisker Ocean, the company advertises that it will have a range of “close to 300 miles”, available on the lowest-cost option. The SUV will be offered in both rear- and all-wheel drive. The company states that it will be supplied by a lithium-ion battery pack with a capacity of around 80 kWh and a solar panel roof as a range extender, adding approximately 1,000 free miles of range per year. The company claims that the Fisker Ocean is being designed with a large number of recycled materials and with sustainability in mind.

On July 13, 2020, Fisker Inc. announced an initial public offering on the New York Stock Exchange through a merger with Spartan Energy Acquisition Corp, a SPAC backed by private equity firm Apollo Global Management. On October 30, 2020, Fisker Inc. completed the reverse merger.

In 2007, Henrik Fisker and Bernhard Koehler founded Fisker Automotive. The company produced the Fisker Karma, which debuted in 2008 and was first delivered in 2011. Production was suspended in 2012 due to the bankruptcy of its battery supplier A123 Systems, after approximately 2,000 of the vehicles had been sold worldwide. In 2014, Fisker Automotive’s assets were purchased by Wanxiang Group, which renamed its new company Karma Automotive. Henrik Fisker retained the Fisker trademarks and brand.

On June 28, 2021, Fisker stock was added to the Russell 3000 Index. On July 28, 2021, Fisker announced it would invest $10 million in private investment in public equity funding in the EV charging company Allego’s merger with Spartan Acquisition Corp III.Fisker Inc. is an American automotive company founded by Henrik Fisker and his wife Geeta Gupta-Fisker. Launched in 2016 and based in Manhattan Beach, California, Fisker Inc. is the successor to Fisker Automotive.

Today, Fisker is beginning to gradually ramp-up production while working with the supply chain to ensure all are capable of meeting the brand’s volume and quality expectations. Included in the Fisker Ocean Ones to be produced in May are the first US-bound units for customer deliveries and marketing purposes, which are expected to start arriving in June.California-based Fisker Inc. is revolutionizing the automotive industry by designing and developing individual mobility in alignment with nature. Passionately driven by a vision of a clean future for all, the company is on a mission to create the world’s most sustainable and emotional electric vehicles. To learn more, visit Fiskerinc.com and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.

Both the Fisker Ocean Extreme and One trims achieve a confirmed combined WLTP range of up to 707 km, which is the longest range of any battery electric SUV sold in Europe today. Fisker Ocean Extreme and One trims are expected to receive EPA range and regulatory approval and CARB Executive Order later this month.At Fisker Inc., we promise to treat your data with respect and will not share your information with any third party. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section. If you experience any issues with this process, please contact us for further assistance.

As previously announced, Fisker expects to gradually ramp up production over the course of May and plans to build 1,400-1,700 vehicles by end of June, provided all partners deliver. The company plans to increase production further during Q3 2023 to support the delivery roll-out in the rest of its global launch markets and support its 2023 volume forecast of 32,000-36,000 vehicles.This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, the quotation of our CEO, the statements regarding the planned launch timing, pricing, delivery, and estimated range of the Fisker Ocean, the planned timing of the opening of Fisker facilities, the Company’s future performance, and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed-upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Annual Report on Form 10-K, under the heading “Risk Factors”, filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

LOS ANGELES & MUNICH–(BUSINESS WIRE)– Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, is commencing the next phase of production as it accelerates its global launch of the electric Fisker Ocean SUV, and is planning to deliver to next customers across Europe and US markets starting in June.

Get your electric motor running, head out on the highway, and experience your favorite music on the premium Fisker Pulse Audio System Powered by ELS STUDIO 3D®. With 575 watts of power, DJX™ 3D Surround, 15 speakers, a 19L subwoofer enclosure, and one of the most effective 6 speaker dashboard arrays of its kind, the Fisker Pulse system immerses the driver and passengers in a glorious sea of 360° sound.

Take a look at the official specifications of the Fisker Ocean One and Extreme, which provide details on vehicle dimensions, total weight, loading capacity, and towing capacity.¹ EPA estimated range. Actual results may vary for many reasons, including driving conditions, wheel size, state of battery charge, and how the vehicle is driven and maintained.

Push a button and eight glass panels open simultaneously to transform a versatile SUV into a coastline-cruising convertible. With our exclusive California Mode, you can drop the front windows, both rear-seat windows, both rear Doggie windows next to the D-pillar, and the Rear Lift Gate Window while opening the SolarSky roof at the same time. You can even load a surfboard through the open rear window.Designed by Henrik Fisker, the all-electric Fisker Ocean is a beautiful new icon of sustainable mobility. While keeping the design language and functionality of an SUV, the Fisker Ocean features a dramatically sculpted exterior with an aggressive stance, clean lines, sleek surfaces, ultra-slim lighting, and modern cubist sculptural shapes.

⁷ SUBJECT TO APPROVAL. TERMS AND CONDITIONS APPLY. THIS IS NOT A COMMITMENT TO LEND. PROGRAM, RATES, TERMS, AND CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE.Extreme luxury. Extreme performance. Extreme thrills. The Fisker Ocean Extreme lives up to its name in all the right ways. This indulgent trim level comes packed with an abundance of high-end luxury amenities, all-wheel drive, and delivers a superior driving experience powered by its Hyper Range battery.Powered solely by electricity, the Fisker Ocean’s drivetrain and critical systems take up less space than the ones in gas-powered vehicles, freeing us to design without the constraints of traditional SUV packaging. Ingenious configuring maxes out the interior with an impressively spacious cabin, seating for five adults, and flexible storage for surfboards, camping gear, pet carriers, and more.Save time with our convenient and easy-to-use app to schedule service and maintenance. We are partnering with third party service providers to meet our goal of providing customer and vehicle touchpoints of the Fisker brand nationwide including physical service locations, mobile services, vehicle logistics and test drives. Customers will experience delivery and service options to meet their needs at home (where available or with pick-up/delivery service), delivery centers, or Fisker Centers of Excellence in select locations.

With the Fisker Ocean’s revolutionary full-length SolarSky roof, you can harvest the sun’s rays to generate free energy to support the vehicle’s battery-powered motor. When fully exposed to the sun, the Fisker Ocean Extreme’s SolarSky can produce up to 1,500 clean, emissions-free miles per year, and under ideal conditions may increase to beyond 2,000 miles⁴ – all powered by pure sunshine. Designed to be the most sustainable SUV on Earth, the Fisker Ocean features a beautifully crafted interior with recycled and ethically sourced materials throughout. The eco-friendly cabin features fabrics like Alcantara®, Ultrasuede®, FeelTek®, EcoFabric, and recycled carpeting, all made using recycled plastic bottles and other recycled polymers. Fisker offers two great ways to get into your emissions-free Fisker Ocean: Fisker Flexee Lease and Purchase. Our Flexee Lease option does away with long-term commitments and includes a 30,000-mile annual driving allowance.⁵ It’s an all-new worry-free ownership experience. Your new Fisker Ocean is delivered directly to your door. Then, just return the vehicle when you desire.⁵ Pricing is for continental US and excludes title, registration and other government charges which are state specific and may change. Final destination, handling and delivery charges are dependent upon your location, chosen method of taking delivery, and market conditions. This estimated amount is provided so that you may evaluate payment options. The total finance amount is subject to approval. Terms and conditions apply. This is not an advertisement, commitment to lend or offer for credit. Program, rates, terms, and conditions are subject to change.Striking a balance of performance, range, and affordability, the Fisker Ocean Sport trim level is your beautiful gateway to electric mobility. The Fisker Ocean Sport is available for the base price, but the features are far from basic. This robust trim package comes nicely equipped with advanced features.

Take your driving experience to new levels with the Fisker Ocean Ultra trim. Dynamic, powerful, and ready for open-air adventure, this premium level comes well-equipped with all-wheel drive, the Hyper Range battery, and an impressive array of advanced technology and high-performance features.With Smart Traction, the Fisker Ocean performs more like a sports car than an SUV. This advanced high-performance feature distributes the right amount of torque to the correct wheels for optimal traction while handling sharp turns. Smart Traction improves stability and traction on wet and icy roads. Plus, it minimizes energy loss and boosts efficiency, so it’s more eco-friendly as well.

Our goal is to provide you with an incredible ownership experience. After you receive your Fisker Ocean, it will receive over-the-air updates as new features, technologies and experiences become available.

⁴ BASED ON FISKER SIMULATIONS. IDEAL CONDITIONS ASSUME SOLAR IRRADIATION OF 5.4 KWH/M2/DAY AND STEADY COMMUTER DRIVING. ACTUAL RESULTS VARY WITH CONDITIONS SUCH AS EXTERNAL ENVIRONMENT AND VEHICLE USE.Our Limited Warranty provides you with class-leading peace of mind. Drive confidently, knowing our high-quality products are backed by the best-in-class warranty and dependable, convenient service.

Park My Car, Fisker’s automatic parking assist system, scans the parking area using ultrasonic sensors and surround cameras to help you find a perfectly sized spot. Then, your Fisker Ocean autonomously parks itself, either parallel to the curb or in an angled spot. This optional feature can also detect obstacles in your path, such as pedestrians, poles, and other cars – and automatically apply the brakes.⁶ FLEXEE LEASE STARTS AT $379/MONTH WITH NO SET TERM. MONTHLY PAYMENT WILL VARY BASED UPON CUSTOMER SELECTED PACKAGES AND EQUIPMENT. PRICING EXCLUDES $2,999 ACTIVATION FEE, DELIVERY, GOVERNMENT FEES, INSURANCE AND $299 RETURN FEE. FLEXEE LEASE IS AVAILABLE TO QUALIFIED CUSTOMERS MEETING LENDER REQUIREMENTS. NOT EVERYONE WILL QUALIFY. 30,000 ALLOWED ANNUAL MILEAGE IS PRORATED ON A MONTHLY BASIS AND EXCESS MILEAGE CHARGES MAY APPLY.

*Based on assumption that home power consumption is 50% normal use during emergency situations. Additional equipment for connection to home is required.We are an independent site dedicated to reporting news and reviews on electric vehicles. Although we started with a focus on Fisker, we have expanded our coverage with CH4RGE to include all electric vehicles, EV charging, and EV-related stocks.

Today, we’ll make sense of the recent Fisker Ocean charging times published by Fisker. As you may know, Fisker recently released the official specification sheet for the top trim of their flagship electric SUV. This sheet provided a wealth of valuable information for prospective owners of the Fisker Ocean One and Extreme. It unveiled specifications related to exterior design, interior features, cargo capacity, weight, and performance.Just like depleting it under 10%, occasionally charging to 100% is not detrimental to the battery’s health. We do it from time to time with our current electric vehicle before long drives. If you have a long trip planned or need a full charge for a specific reason, charging to 100% is acceptable. Ultimately, finding the optimal charging range for your Fisker Ocean will depend on your needs and charging infrastructure availability. These are good guidelines to follow until Fisker provides precise guidance.

Charging your Fisker Ocean within this range offers several advantages. Firstly, it maximizes the battery lifespan by reducing stress and wear from frequent charging. Secondly, it also allows for efficient charging, as EV batteries charge more rapidly at lower charge levels. Maintaining a moderate charge range ensures enough battery capacity for daily driving while leaving room for unexpected trips or emergencies.

Advertisements are necessary to provide the service and can be removed using Fiskerati Premium. We may benefit when referral codes and sponsored links are promoted on Fiskerati and used to purchase third-party goods and services. Affiliate or sponsored links included in articles will be labeled as such.Fisker hasn’t shared the optimal charging range for the Fisker Ocean yet. We’ve researched this area and found that the best range for charging the Fisker Ocean depends on your needs and preferences. It’s important to charge your electric SUV within a range that allows for everyday usage without excessive battery depletion. We recommend keeping the battery level between 20% and 80%.Suppose you are on a road trip, and your Fisker Ocean’s battery is running low. In this situation, you should utilize DC fast charging at a charging station along your route. This approach will allow you to recharge your Hyper Range battery quickly and resume your journey in a shorter amount of time. Conversely, if you have several hours available for charging while at home overnight, you should connect your Fisker Ocean to a Mode 3 or Level 2 charger while you’re asleep.We hold shares in Fisker Inc. (NYSE: FSR) as well as other stocks unrelated to electric vehicles. We hold a long beneficial ownership position in Fisker through stock. The information provided in Fiskerati articles are general in nature and should not be relied upon as personal financial advice.

In fact, we discovered that the battery capacity for the Fisker Ocean One and Extreme is 113 kWh gross. We recently obtained information that the net (usable) capacity amounts to 107 kWh. Fisker also published charging times for Mode 3, a European standard, and DC fast charging, which were 12 hours and 33 minutes and 6 seconds, respectively. However, they did not disclose the battery percentage range for these charging times.In a social media post, he said, “I saw this car unfinished “body in white” yesterday around noon, then the same day at 5 pm it comes down the line. The MACHINE is running! We achieved manufacturing milestones ahead of SOP! 95 Fisker Oceans built so far!” You can see a compilation of the videos below. Official start of production is 49 days away commencing on November 17th, 2022. Back on August 18th, Fisker had 58,000 reservations. That means the company added over 2,000 reservations over the past 43 days. While we don’t know exactly how many Fisker Ocean reservations the company has beyond 60,000, we do know there are 93 days remaining in 2022. Henrik remained upbeat at the Morgan Stanley investor conference in mid-September. At the time, the company had strong demand for its electric SUV. Even with a huge backlog, reservations remain open for customers to get into the reservation queue. It will be interesting to see if Fisker Ocean demand remains strong given the weakening macro environment.That would be really neat, but I don’t think that will happen. We could envision Fisker doing that for one Fisker Ocean, but not 5,000 or 40,000 electric SUVs.

You may have wondered how the Fisker Ocean is painted. We recorded a virtual tour showing the paint process at Magna Steyr for you to get a closer look. The video also shows how your Fisker Ocean will be built on the high volume assembly line.During the Cowen investor conference, Henrik said the company projected over 80,000 reservations before the end of the year. If we assume Fisker needs 20,000 reservations to hit 80,000 reservations by year-end, the company needs 215 reservations/day to achieve this number. Henrik Fisker shared new photos and videos with us too that were quite impressive. He showed a Fisker Ocean partly built on the Magna Steyr assembly line in the afternoon. Then, he shared the same Fisker Ocean again at 5pm on the same day showing it fully built. And this morning he showed off the same Fisker Ocean with several other Fisker Oceans fully built. As he says, “The MACHINE” is running! Today, Fisker reported over 60,000 reservations for the Fisker Ocean. This includes 5,000 sold out Fisker Ocean Ones, each secured by a $5,000 deposit. It also includes the US allocation of pre-orders taken during the month of August. Fisker expected 50k reservations by the end of the year and has surpassed that number months ago.Fisker shared a lot of new photos and videos today as it announced the achievement of a production milestone. For example, we got to see photos of the Fisker Ocean in the paint booth. The photos show the electric SUV during prep, primer, and paint on the high volume production line at Magna Steyr.

Wer ihn in Hamburg sehen will, muss sich ein Flug-Ticket kaufen (oder gibt es eine Bahnsteig-Karte?) da das Fahrzeug im Sicherheitsbereich ausgestellt wird. Was für ein Blödsinn!Ich überlege mir auch nächstes Jahr einen zu holen, die Ultra Variante scheint ein gutes Maß zu sein. Finde er hebt sich von aktuellen E-Autos gut ab und bringt auch ein paar neue Features. Nachdem Magna involviert ist, kann das Auto nur gut sein im Vergleich.

Da man mit Reservation kein Risiko eingeht habe ich es schon mal vollzogen. Für mich vom Design und der Reichweiten sehr interessant. Jetzt warten über mehr Details von Fisker.Gegen ein nachhaltiges tolles Produkt spricht alleine schon die Historie von Henry Fisker (ein Diesigner-Genie und Visionär) die seine betriebswirtschaftlichen Fähigkeiten in Frage stellt. Ich halte auch den Preis des Ozean für viel zu niedrig.

gibt es noch andere Interessierte an dem Fisker Ocean? Ich finde es ein spannendes Projekt, habe auch schon die Reservierung gemacht. Leider hört man danach nichts mehr. Hat hier auch schon jemand reserviert und ist schon weiter?Habe ein Video gesehen wo es in der USA sehr günstige leasing/ Miet raten gibt mit ordentliche Kilometer, hoffentlich kommt auch für DE super Konditionen bin echt gespannt!While $250 is a lot of money to lock up for nearly 2 years, it will save us thousands of dollars if we can purchase the PEAR in 2024 as opposed to 2025.Since last week, Fisker has probably added another 175 reservations. That means the next 26,625 reservations holders have a good chance of locking in the 2024 pricing of $29,900.

The Fisker PEAR will start production in the second half of 2024. At peak production, the Foxconn factory in Lordstown will produce 250,000 units/year or 20,833 units/month.