- Key installations include manufacturing engineering, prototype
production and onsite Fisker program office supporting prototype
build phase kick-off.
- The Fisker Ocean SUV is on track for Nov. 17, 2022 at Magna’s
carbon-neutral facility in Graz, Austria; Fisker and Magna marked
506 days until the first customer units will be manufactured.
- Fisker executives and teams from engineering, manufacturing,
purchasing and quality joined Magna leadership for manufacturing
review in Graz.
Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate
creator of the world's most sustainable electric vehicles and
advanced mobility solutions – today took another significant step
forward towards the start of production for the Fisker Ocean SUV
with the official opening of several Fisker-dedicated operational
areas at Magna’s world-class manufacturing facility in Graz,
Austria. Fisker CEO and Chairman, Henrik Fisker, was onsite in Graz
with teams from engineering, manufacturing, purchasing and quality
to review the new facilities, the progress being made on the path
to volume production and to commence a countdown clock timed to the
start of production.
This press release features multimedia. View
the full release here:
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Fisker Inc. today took another
significant step forward towards the start of production for the
Fisker Ocean SUV with the official opening of several
Fisker-dedicated operational areas at Magna’s world-class
manufacturing facility in Graz, Austria. Fisker CEO and Chairman,
Henrik Fisker was on-site in Graz with teams from engineering,
manufacturing, purchasing and quality to review the new facilities,
the progress being made on the path to volume production and to
commence a countdown clock timed to the start of production.
(Photo: Business Wire)
“The Ocean program continues to progress exactly how we
forecast,” says CEO and Chairman, Henrik Fisker. “Seeing areas such
as prototype manufacturing and testing facilities ready for the
Ocean was a motivating sight for everyone at Fisker and Magna.
Having the confidence that the Ocean will launch on time with
outstanding quality continues to validate our asset-lite strategy
and specifically, our partnership with Magna.”
Co-located teams from Fisker and Magna covering areas including
manufacturing engineering and purchasing are now situated in a
dedicated program office, ideally situated close to engineering,
the prototype shop and the future production areas for
Body-in-White (BIW), the paint shop and general assembly. The
engineering center and prototype shop will drive the first build
phases for the Ocean. The prototype facility, which has a capacity
of approximately 1,500 vehicles per year, will enable the prototype
build phase to be carried out using serial production conditions,
helping to train the production team and ensure a smooth transfer
to the serial production line. The Ocean will also benefit from the
extensive testing facilities at Graz, including those for
durability, NVH, climate extremes and a test track – all of which
help drive program integration across manufacturing and
engineering.
Fisker and Magna recently signed their long-term manufacturing
agreement and confirmed that production of the all-electric Fisker
Ocean SUV is projected to start on Nov. 17, 2022, in Graz. The
manufacturing agreement between the two companies covers planned
volumes, manufacturing costs and quality metrics over the program’s
lifecycle through 2029. It covers all stages, including the
critical planning and launch phases. This agreement underpins all
facility investments, including body shop, a clear path to start
manufacturing in Nov. 2022 and rapid ramp-up to full run-rate
production.
The Fisker Ocean SUV will use a version of a Magna-developed
electric vehicle architecture modified by Fisker to create the FM29
platform, and in the process, create new intellectual property
(“IP”). Combined with Fisker-developed IP, the new
aluminum-intensive FM29 platform is projected to deliver
class-leading range and interior space at a Bill of Materials and
manufacturing cost that enables the Ocean to enter the market at a
starting MSRP of $37,499 in the United States (excluding EV-related
subsidies) and below €32,000 in Germany (including taxes and
EV-related subsidies) – as well as offer compelling, high-value
option packages to customers across the Ocean’s entire price
range.
“Seeing the countdown clock show 506 days until we start
manufacturing was a timely reminder of the work ahead,” added Mr.
Fisker. “However, also seeing the quality of the facilities and the
teamwork between the Fisker and Magna teams gave me tremendous
confidence that we can continue to achieve our program milestones
on our way to the start-of-production.”
For more information or interview inquiries, contact
Fisker@GoDRIVEN360.com.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive
industry by developing the most emotionally desirable and
eco-friendly electric vehicles on Earth. Passionately driven by a
vision of a clean future for all, the company is on a mission to
become the No. 1 e-mobility service provider with the world's most
sustainable vehicles. To learn more, visit www.FiskerInc.com – and
enjoy exclusive content across Fisker's social media channels:
Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the
revolutionary new Fisker mobile app from the App Store or Google
Play store.
Forward-Looking Statements
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 Chief Executive
Officer and statements regarding the Company’s strategy 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 other OEMs 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, as amended, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210630005783/en/
Fisker Inc. Simon Sproule, SVP, Communications 310.374.6177 |
Fisker@GoDRIVEN360.com
Rebecca Lindland, Director, Communications
rlindland@fiskerinc.com
Dan Galves, VP, Investor Relations dgalves@fiskerinc.com
FiskerIR@icrinc.com
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