EV maker Fisker aims to ramp up Ocean SUV production in the fourth quarter

EV maker Fisker aims to ramp up Ocean SUV production in the fourth quarter

Fisker, the electric vehicle startup, is preparing to significantly increase production of its Ocean SUV in the fourth quarter of this year. The company anticipates boosting production to around 300 units per day, up from approximately 180 units. Fisker’s manufacturing is carried out in collaboration with Magna International, a Canadian auto parts supplier, which produces the vehicles for both the European and North American markets.

The startup expects a surge in vehicle deliveries in North America, with CEO Henrik Fisker stating that this uptick will occur in September.

According to the company, as of September 4th, Magna has manufactured a total of 3,123 vehicles for Fisker. Of these, just under 3,000 have been handed over to Fisker, and over 450 Fisker Oceans in the US have either been delivered to customers or are in the process of being delivered.

However, it’s worth noting that last month, Fisker adjusted its annual production target downward due to ongoing supply chain issues.

These issues overshadowed the company’s smaller-than-expected quarterly loss and its achievement of generating its first revenue from deliveries of electric sport utility vehicles. Fisker cited one specific supplier as a bottleneck in the production process, with a part requiring specialized labor taking longer to deliver than expected.

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