Fisker is in talks with an unnamed “major automaker” for a potential investment, development of one or more electric vehicle platforms and manufacturing in North America.
The announcement, first reported by Automotive news, taken directly from Fisker’s fourth-quarter 2023 earnings report on Thursday. The company reported a net loss of $463 million for the quarter.
Fisker Alaska electric truck concept
Fisker has so far relied on contract manufacturing to produce its only model, the Ocean electric SUV. Ocean’s production begins in November 2022 at Magna facility in Austriabut the delivery was interrupted due to some problems.
Meanwhile, Fisker had begun to turn one agent-based sales model, to supplement direct sales efforts depending on the market. The company announced its dealership pivot in January and has since signed up 13 dealerships—with locations in New York, Florida, and Indiana confirmed just this week—and received more than 250 “representations.” showing interest” from dealers in North America and Europe, Fisker said in its quarterly earnings report.
Fisker pear
The company added that its business plan is “heavily dependent” on moving to an agency-based model, adding that it will need to seek additional equity or debt financing in 2024 otherwise there is a risk of having to cut costs and reduce production across the Ocean.
Fisker spared no ambition last August when it revealed plans for the $30,000 Pear, Alaska pickup truck worth $45,000and a grand tour worth $385,000. The company has hinted at its Pear EV may be built by Foxconnin America and if it goes into production, pear The low base price could put it in competition with the reconstituted Chevrolet Bolt EV. Thursday’s update also appeared to show that a potential Foxconn partnership had fallen apart, while some of those projects were delayed or paused during negotiations.
