Fisker sells planned 2023 production of Fisker Ocean Sport and Ultra Trims for the US market and prepares for the start of production in Austria
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the world’s most durable electric vehicles and advanced mobility solutions – has sold two US-bound trim levels for its Fisker Ocean SUV : the price of $37,4991 Fisker Ocean Sport and the $49,9991 Fisker Ocean Ultra. Last month, Fisker sold the $68,9991 Fisker Ocean One limited edition worldwide, securing $5,0002 deposits of 5,000 reservation holders in just 30 days.
Beginning November 18, 2022, the day after production begins, Fisker will begin taking orders for the Fisker Ocean Extreme in select global launch markets, followed by opening orders for the Ultra and Sport versions in Q1 2023. for other launch markets outside of the United States. .
Fisker Ocean reservations remain open for all markets.
In preparation for the passage of the Inflation Reduction Act of 2022 (IRA), Fisker began contacting US reservation holders on August 7. Fisker offered reservation holders the opportunity to proactively enter into a binding contract for the purchase of a Fisker Ocean by converting their $250 initial deposit and $100 second deposit to a non-refundable order. Fisker believes this binding contract allows the customer to retain eligibility for a $7,500 federal electric vehicle tax credit that becomes unavailable if the IRA is enacted.
This ordering system only remains in effect until the IRA is passed and enacted or it is finally decided otherwise. At that time, this order process will be closed. As mentioned above, Fisker plans to reopen the ordering process for the Fisker Ocean Extreme version on November 18, 2022.
“We acted quickly to preserve the ability for our eligible U.S. reservation holders to remain eligible for the current federal tax credit,” said Fisker Chairman and CEO Henrik Fisker. “We are very pleased that in addition to global Fisker Ocean One customers securing their vehicles, reservation holders in the United States who wanted a Fisker Ocean can lock in their purchase commitment. Our customers give us a huge vote of confidence before we begin production on November 17. As for 2024, we are already exploring US manufacturing with the goal of making certain models eligible for the EV tax credit under the proposed new requirements.
Fisker is in talks with its production partner Magna, examining the possibility of increasing production of the Fisker Ocean in the second half of 2023, potentially releasing more Fisker Ocean Ultra and Sport versions for the US market towards the end of 2023.
Meanwhile, Henrik visited Magna Steyr’s carbon-neutral factory in Austria this week, where preparations are well advanced to start manufacturing the Fisker Ocean in November. He reviewed developments at the main assembly line, where a ramp-up to higher-volume production will begin in 2023. A highlight was a fully automated and robotic battery vehicle wedding station, where 26 bolts are attached in less than two minutes, securing the battery in place in the undercarriage.
Henrik also examined a group of pre-production prototype vehicles for technicians to perform further testing.
With less than 99 days until production begins, Magna and Fisker have established a “Mission Control” center where teams meet daily to ensure the highest quality manufacturing. Additional teams work on inbound parts logistics, vehicle handovers, port operations and outbound logistics to manage deliveries to customers in nine launch markets.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and environmentally friendly electric vehicles on Earth. Passionate about the vision of a clean future for all, the company is on a mission to become the leading provider of electric mobility services with the most sustainable vehicles in the world. To learn more, visit www.FiskerInc.com – and enjoy exclusive content on Fisker’s social networks: Facebook, Instagram, TwitterYouTube and LinkedIn.
This press release contains forward-looking statements, which are subject to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “felt”, “believes” , expects, “estimates”, “projects”, “intent”, “should”, “shall be”, or the negative form of these terms, or other comparable terminology and include, among other things, the possibility that the Inflation Reduction Act be signed into law; the possibility of tax credits being available in the future, quote from our CEO, timing of the firm ordering process in global launch markets, statements regarding expected launch timing, pricing, releases at produce and potential increased production in 2023, potential U.S. manufacturing and estimated scope of Fisker Ocean, the company’s future performance, and other future events that involve risks and uncertainties. These 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 1 suppliers to execute its business plan; the risk that OEMs and supplier partners may not meet agreed deadlines or experience capacity constraints; Fisker may experience significant delays in the design, manufacturing, 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 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 the 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”), supplemented by the Quarterly Reports on Form 10-Q , and other reports and documents Fisker files from time to time with the SEC. All forward-looking statements speak only as of the date 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.
1 Prices shown are for the continental United States and exclude delivery, finance and government charges. Maintenance is not included. The price depends on the specifications and options chosen by the customer when configuring the real vehicle closer to production. Prize does not include various state and federal incentives and benefits that may be available.
2 or equivalent in local currency