California-based EV startup Fisker stated Wednesday it now has greater than 56,000 reservations for its Ocean electrical SUV, and confirmed that it is nonetheless on monitor to start out manufacturing in mid-November.
The bulletins have been a part of Fisker’s second-quarter earnings report. Listed below are the important thing numbers:
- Loss per share: 36 cents vs. 41 anticipated by Refinitiv consensus estimates
- Web loss: $106 million vs. $122.1 million reported within the first quarter of 2022.
- Reservations: Greater than 56,000, up from greater than 45,000 when it reported its first-quarter ends in Might.
CEO Henrik Fisker confirmed the corporate and its manufacturing accomplice, international auto provider Magna Worldwide, are on monitor to start manufacturing of the Ocean at a Magna-owned manufacturing facility in Austria later this 12 months.
Fisker and Magna have accomplished 55 Ocean prototypes as deliberate. All are at the moment present process ultimate high quality testing in preparation for the November launch, Fisker stated.
The corporate had $851.9 million in money remaining on the finish of the second quarter, down from about $1 billion on the finish of March however sufficient to finish growth of the Ocean and fund its operations via a minimum of the tip of 2022, it stated.
Fisker additionally confirmed that its second automobile, a lower-cost mannequin referred to as the PEAR, will likely be constructed by Taiwan’s Foxconn Expertise Group within the former Lordstown Motors manufacturing facility in Ohio beginning in 2024.
Fisker plans to launch a 3rd mannequin, a sports activities automobile referred to as Ronin, in late 2024. It plans to point out a prototype of the Ronin in mid-2023.