EV maker Fisker aims to ramp up Ocean SUV production in the fourth quarter
- September 11, 2023
- Posted by: Quatro Strategies
- Categories: EVs & Battery Technology, United States
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.
Interested in learning more?
Sign up for Top Insights Today
Top Insights Today delivers the latest insights straight to your inbox.
You will get daily industry insights on
Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.
Read more insights
NATO ramping up security in the Baltics after sub-sea infrastructure damage
NATO has announced that it will bolster its patrols in the Baltic Sea region in response to recent incidents involving damage to undersea infrastructure in the area. The military alliance has detailed plans to step up its surveillance and reconnaissance measures, which will involve…
Albemarle to introduce auctions for lithium sales, aiming for market transparency
Albemarle, the leading global producer of lithium used in electric vehicle batteries, has announced plans to introduce a series of auctions to sell its lithium supplies, aiming to enhance market transparency. Traditionally, lithium has been traded through long-term contracts, making it challenging…
China seeks higher quality coal, turns to Russia, Australia
China’s coal imports have witnessed a notable upsurge, driven by the need to counter declining coal quality from domestic mines. Australia, a significant coal exporter, witnessed a revival in trade relations with China. Exports of thermal and coking coal reached 6.69 million tons in August, marking the highest figure since July 2020.