Fisker signs deal with Magna to manufacture Ocean electric SUV

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Fisker, Henrik Fisker’s new EV startup, has struck a deal with automotive giant Magna to manufacture the Ocean electric SUV.After the bankruptcy of Fisker Automotive, the assets of the late start-up EV were bought by a Chinese interest which relaunched the company and its plug-in hybrid Karma (now Revero).

A few years later, Henrik Fisker was granted the right to use his name again and launched a new EV startup.

In 2018, the startup unveiled its new all-electric vehicle EMotion with the claim of a range of 400 miles on a single charge.

Unlike the first Fisker electric car, which relied on an A123 battery system, they claim to have developed their own battery technology for their new vehicles.

Fisker claimed a solid-state battery “breakthrough” for electric cars with “a range of 500 miles and a one-minute charge” that would hit the market in an aggressive timeframe.

They later returned to some of those comments and said that their first production vehicle for the new startup EV would actually be fitted with regular Li-ion battery cells.

Earlier this year, the famous car designer unveiled another prototype, the Fisker Ocean, an electric SUV which they say would be their first production vehicle after unveiling several different prototypes.

Now, Fisker has changed strategy and announced its partnership with Magna to build the Ocean electric SUV:

As part of Magna’s strategic direction to support traditional automakers as well as new entrants, the company today announced that it has signed agreements with Fisker Inc. that provide the framework for a shared platform. -form and manufacturing cooperation for the Fisker Ocean SUV. Fisker, an electric mobility automaker, has announced plans to start production in the fourth quarter of 2022.

Swamy Kotagiri, President of Magna, commented on the announcement:

We are very happy to be able to work with Fisker on such an exciting and sustainable product and to see the additional opportunities that this cooperation can bring. This is a great example of our strategy to leverage our strong portfolio to adapt to future mobility needs and utilize all of our engineering and vehicle manufacturing capabilities. This is a unique competitive position for us, particularly with new mobility players and equipment manufacturers looking to expand their electrified offers.

In the announcement, they confirmed that the Fisker Ocean “will initially be manufactured exclusively by Magna in Europe” and that it will be built with “Magna’s EV architecture combined with Fisker’s flexible platform adaptive design (FF- PAD) ”.

Fisker quipped a price of just $ 30,000 for the Ocean electric SUV.

Taking Electrek

I have very little faith in Fisker after some really shady practices, like sock puppets, and the fact that they made some silly statements about the drums that are probably inaccurate.

But it could be the best thing for them.

Fisker has always been a great designer, and now that deal looks like Magna would take care of the manufacturing and engineering, while Fisker would primarily be in charge of the design and everything after production of the car.

What do you think? Let us know in the comment section below.

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