Fisker in talks to build Ocean at Magna Steyr plant in Austria

Soon to be flush with money with an impending public providing, EV startup Fisker is now in the method of securing a manufacturing web site for its first mannequin, the Ocean battery-electric SUV.

The firm in an announcement to Reuters final week mentioned it expects to attain a definitive settlement with Magna Steyr over a manufacturing deal inside months.

Magna Steyr is a contract producer with a plant in Graz, Austria. It routinely builds autos for main automakers, with its present portfolio together with the Mercedes-Benz G-Class, Jaguar E-Pace and I-Pace, and the BMW Z4 and Toyota Supra twins.

Fisker Ocean

Fisker Ocean

Fisker and Magna Steyr have signed a memorandum of understanding however are but to make any of the small print public. Fisker has beforehand mentioned the Ocean will begin manufacturing in late 2022. A earlier EV startup by the title of Fisker, the maker of the Karma extended-range electrical sedan, additionally outsourced manufacturing, in this case to Finland’s Valmet.

The new Fisker additionally stays open to manufacturing websites in the United States in China, the corporate mentioned in its assertion to Reuters.

Fisker is anticipated to obtain $1 billion in its public providing, which is anticipated to shut by the top of the yr. Part of these funds will assist pay for the event the Ocean. Fisker continues to be in talks with Volkswagen Group over the potential of utilizing the German auto big’s MEB platform for the Ocean. The platform made its debut in the Volkswagen ID three and also will underpin VW’s ID four headed to the United States later this yr.

Fisker Ocean

Fisker Ocean

The Ocean at launch will provide an 80-kilowatt-hour battery and the selection of rear- or all-wheel drive. The vary will fall between 250 and 300 miles and Fisker has partnered with Electrify America to develop a charging system that can allow Ocean house owners to add 200 miles of vary in about 30 minutes.

Pricing for the Tesla Model Y rival will begin at $37,499 (or a month-to-month lease price as little as $379), and reservations have already topped 7,000 because the reveal in January.

Beyond the Ocean, Fisker has plans to launch a coupe-like SUV, a lifestyle-oriented pickup truck, and a flagship sedan.

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