Fisker in negotiations with five traditional car companies to increase production capacity for upcoming electric vehicles.
Today, Henrik Fisker announced ongoing discussions with five carmakers for a production capacity partnership, as reported by Reuters from Berlin. The U.S. electric vehicle startup is actively negotiating with these carmakers to secure additional production capacity for its nearly-ready vehicles. The company pipeline of electric vehicles includes the Fisker PEAR compact crossover SUV, Alaska pickup truck, and RŌNIN convertible GT supercar.
Henrik Fisker, the CEO, expressed the urgency, stating, “We have two cars that are almost ready. We can bring them to market fast – we just need the capacity.” Fisker also revealed that, in May, the company explored partnerships with various entities, including suppliers and tech companies, to scale up production. On Thursday, he disclosed ongoing negotiations with five “traditional car companies” and anticipated finalizing a partnership in the coming months. However, he didn’t mention any car companies by name.
Reuters also reported Henrik Fisker’s confidence in Fisker’s path to profitability. The Chairman & CEO shared that his company is expected to report a double-digit margin this year. This aligns with Fisker’s annual forecast of an 8-12% gross margin for 2023. This announcement follows a delay in the company’s quarterly earnings report, attributed to the finalization of financial statements and associated disclosures for Q3 2023, coinciding with a planned departure of the company’s Chief Accounting Officer. We’ve offered an earnings preview for Q3 2023. Now, we wait for quarterly results to be released on Monday after the market close.
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