Fisker CEO hopes associate Magna triples SUV output in 2023 to satisfy demand – Automotive Information Canada

By | June 21, 2022

Fisker says it has taken greater than 40,000 reservations for the Ocean sport utility car.
Electrical-vehicle maker Fisker Inc. hopes Canadian provide big and contract assembler Magna Worldwide can increase manufacturing at its plant in Austria to 150,000 automobiles from 2024 as reservations for the automaker’s first car surge.
The EV startup says it has taken greater than 40,000 reservations for the Ocean sport utility car, which begins at US$37,499 in the USA. The corporate expects as many as double that by year-end, CEO Henrik Fisker mentioned in an interview.
Magna, which additionally builds BMW AG’s 5 Collection sedan and Mercedes-Benz AG’s G-class SUV on contract at its manufacturing facility in Graz, will begin assembling the Ocean in November. In 2020, Fisker and Magna signed an settlement to make 50,000 models on the plant in 2023 and the CEO mentioned he’s assured the provider might triple output the next yr.
Fisker is a part of a crop of electric-vehicle hopefuls searching for to interrupt into the automaking main league because the shift to battery-powered vehicles accelerates. The corporate is bullish on its manufacturing prospects partially due to its shut relationship with Magna, which holds a six-per-cent stake within the newcomer.
“Large carmakers at the moment are engaged on their second main fashions, incorporating classes realized, and plenty of of these will hit the market from 2025,” Fisker mentioned. “Between every now and then, we now have an opportunity to get in.”
The Ocean, which Fisker confirmed off to European clients at a convention in Barcelona earlier this yr, must compete with automobiles together with Volkswagen AG’s ID.4 and Tesla Inc.’s Mannequin Y. The car is available in three variations with two completely different battery varieties. The bottom providing makes use of cheaper lithium-ion-phosphate cells, serving to Fisker navigate a few of the worth surges for uncooked supplies, particularly nickel, the manager mentioned.
The producer can also be engaged on its second mannequin, the Pear, which it plans to construct in the USA with associate Foxconn Know-how Group.
Magna ranks No. 4 on the Automotive Information listing of the prime 100 world suppliers, with worldwide elements gross sales to automakers of US$32.65 billion in 2020.
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