Fisker’s CEO mentioned on Thursday that the electrical car startup is contemplating establishing a battery cell manufacturing facility with an unidentified main provider in Europe or the US to safe steady provides of the important thing part.

Fisker struggled with the recall of batteries made by its earlier provider, A123, which later filed for chapter.

“We didn’t need to take any threat on batteries,” Henrik Fisker, chairman and CEO of Fisker, informed Reuters. He mentioned the corporate will use prismatic cells from one of many world’s 4 largest suppliers.

China’s Up to date Amperex Expertise Co. Restricted (CATL) provides prismatic cells to Fisker rival Tesla.

Samsung SDI makes prismatic cells for BMWs.

Fisker, which is but to provide saleable automobiles, has been partnering with firms for manufacturing its electrical vehicles to hurry up car improvement and manufacturing.

On Wednesday, Fisker said it would work with Apple provider Foxconn to provide greater than 250,000 automobiles a 12 months starting in late 2023.

Fisker mentioned in December that Magna Worldwide would initially manufacture its first car, the Ocean SUV, at its Magna Steyr subsidiary in Graz, Austria.

Fisker’s manufacturing is on monitor to start out within the fourth quarter of subsequent 12 months. The Ocean is can have a beginning value of $37,499.

The corporate was launched by Henrik Fisker, a one-time Aston Martin designer whose earlier enterprise, Fisker Automotive, collapsed in 2013. Fisker on Thursday reported its internet loss widened to about $12 million within the fourth quarter from about $3 million a 12 months earlier.

Fisker’s reverse merger with special-purpose acquisition firm Apollo International Administration supplied the startup with $1 billion in gross proceeds.