Fisker is raising its production forecasts two weeks before the start of production of its first electric vehicle, the Ocean SUV.
The automaker plans to produce 42,400 Ocean SUVs by the end of 2023, up from an initial forecast of 40,000, due to strong demand in the US and Europe.
The company said it has received 62,000 reservations for the $37,499 Ocean and expects 80,000 orders by the end of the year, compared to an initial target of 50,000.
This means that not everyone who books Ocean will receive Ocean in 2023.
“For us, I don’t think it’s a bad thing because it means we’re fully booked, which is great,” CEO Henrik Fisker told TechCrunch..
Many of these reservations were made in August, just before passage of the Inflation Reduction Act, which would eliminate the $7,500 federal tax credit for foreign-made EVs.
“It looked like Congress would pass the bill on Friday. I immediately got together with three executives and said, ‘Hey, what can we do?’” Fisker said. I was.
The company launched its redesigned website by Monday afternoon and issued a press release informing customers that they have one week to book The Ocean before they lose their tax-deductible eligibility.
“we acted quickly When Effectiveness ocean reserve holder To input into the a binding Contract To We may retain eligibility for the old federal EV tax credit,” Fisker said. “of Less than than a week, we sold out our we. allocation of ocean sports When Ultra trim level.
Ocean will begin production on November 17th in Graz, Austria. On the same day, the 3D configurator will be launched and the mobile phone app and her website will be updated. Fisker will deliver 15 of his SUVs to partner Magna in December.
Fisker said it is in talks with potential partners to increase production capacity in mid-2024 by adding a US production site.
car manufacturer that went Publication by SPAC contract In 2020, the company reported a net loss of $149.3 million, or a net loss of 0.49 per share, for the quarter ended September 30. one year ago.
Revenues of $14 million in the third quarter were slightly below the $15 million in the same period last year.
On Wednesday’s quarterly earnings call, the automaker outlined its quarterly production plans for 2023. 4th remaining balance of 42,400 units.
Fisker also said it plans to begin production of its second vehicle, the Fisker PEAR crossover, in 2024 with partner Foxconn at its former Lordstown Motors plant in Ohio.Foxconn purchased the sitewas originally a General Motors factory, but in May EV startup Lordstown Motors went into financial trouble.
According to the company, the under-$30,000 PEAR, an acronym for “Personal Electric Automotive Revolution,” had more than 5,000 pre-orders.
the third model, Luxury GT sports car Known internally as Project Ronin, Fisker said it is still in development.