Around 80-85% of Fisker's current reservations come from the U.S. The company is also in the middle of setting up a Chinese entity to take reservations from customers in that country, though that likely won't be complete before the beginning of next year, Fisker said. If you buy any other car next year, most likely that technology was chosen three years ago.” So when you get a Fisker Ocean 12 months from now, your technology is the newest of the newest. “Why would we be ahead of the competition?” he said. LFP, an older battery chemistry, has become a popular lower-cost option amongst companies, including Tesla, which said it would use the chemistry in all standard Model 3 vehicles across global markets.
More details on the range of the two battery packs will be revealed at the LA Auto Show next week, he added. “What this allows us to do is get the world’s longest range in our segment for an SUV in our price class,” Fisker said. The increase was the result of increasing the company's workforce, and spending on prototype development, executives said. The critical research and development line item from Fisker - recall that the company is still getting ready to build and sell cars, so it’s in R&D mode today - grew by more than 100% from its Q2 2021 tally of $45.3 million to $99.3 million in the most recent quarter. While its general and administrative expenses rose a modest few million dollars to $10.3 million in the most recent quarter (up from $7.9 million in the three months concluded June 30, 2021), other expenses rose more rapidly. To meet these deadlines, Fisker is ramping up its pace of spending. Deliveries are on track to begin in the U.S. The company confirmed that it will start production of the Ocean in November 2022, in partnership with automotive contract manufacturer Magna Steyr, and will produce two vehicles a day by the first quarter of next year, CEO Henrik Fisker said during an investor call Wednesday.
Fisker provided an upbeat forecast on the ramp-up of its electric automaking business during Wednesday's third-quarter earnings call, highlighting its manufacturing partnership with Foxconn, a battery supply agreement with Chinese battery giant CATL secured and its on-track production for the company’s debut Ocean SUV.