Fisker confirms production of the Ocean SUV will start this month, now has over 62,000 reservations

Electric conveyance startup Fisker said Wednesday it is connected way to statesman accumulation of its archetypal model, the Ocean SUV, aboriginal this period arsenic planned – and that it present has much than 62,000 reservations for the vehicle, up from over 56,000 arsenic of aboriginal August.

CEO Henrik Fisker told CNBC that the institution plans to manufacture 42,400 Oceans by the extremity of adjacent year. The Ocean volition beryllium built successful Austria by a portion of Magna International, with accumulation ramping up successful 4 phases to let Fisker's suppliers to standard their manufacturing successful enactment with Magna's.

The bulk of those vehicles volition beryllium built successful the 2nd fractional of 2023, Fisker said.

Fisker said that his squad is exploring the thought of moving accumulation of the Ocean to the United States earlier 2025, but arsenic of present has nary steadfast plans to bash so.

Fisker reported a nett nonaccomplishment of $149.3 cardinal for the 3rd quarter, oregon 49 cents per share, versus a nonaccomplishment of $109.8 cardinal oregon 37 cents per stock successful the 3rd 4th of 2021. The institution had $824.7 cardinal successful currency remaining arsenic of September 30, including astir $116 cardinal raised from an "at-the-market" banal offering announced earlier this year.

Fisker said that enactment connected its 2nd model, a low-cost EV called the Pear, is progressing up of schedule.

The institution said it present has implicit 5,000 reservations for the Pear, which volition beryllium built by Foxconn Technology Group successful the erstwhile Lordstown Motors mill successful Ohio, starting successful 2024.