Reborn Fisker secures manufacturing partner for electric SUV

Fisker’s first vehicle will be produced by Magna Steyr, the industry’s leading contract manufacturer. Freddie Holmes finds out more

Following a successful initial public offering (IPO), electric vehicle (EV) company Fisker now has a responsibility to bring the products it has touted to life. On 15 October, it was revealed that contract manufacturer Magna Steyr had been selected to produce Fisker’s first mass-produced model, a fully electric SUV called the Ocean, from Q4 2022.

The reborn EV company—best known for its failed venture with the Fisker Karma plug-in hybrid—began trading through an unconventional deal with special purpose acquisition company (SPAC) Spartan Energy Acquisition Corp in July. It is a route to the stock market that was also taken by Nikola and ‘blank cheque’ investor VectoIQ earlier in 2020.

Fisker Ocean
The Fisker Ocean should enter production before 2023

As other start-ups have shown, announcing a timeline for product launches and sticking to it is critical. Fisker has been quick to secure a much-needed manufacturing partner in Magna Steyr, a company with a sterling reputation: it is the…