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American automotive company, Fisker (NYSE:FSR) announced today that they have begun production of the Fisker Ocean electric SUV on schedule.
“It’s an emotional day as we start production of the world’s most sustainable vehicle in record time – on time – in the carbon-neutral factory in Graz,” Fisker Chairman and CEO Henrik Fisker said. “We’ve challenged the old model of longer development timelines, reflecting our team’s agility and dedication to creating emotionally desirable vehicles with the newest, most unique experiences in our price range. We have the highest quality at launch, aligned with our commitment to leading the industry in sustainability. More than 63,000 customers worldwide share our enthusiasm. It’s a day for our team and fans to celebrate!”
The company begins production with both trims sold out in the United States market for 2023. Fisker’s production ramp in Austria will see over 300 units manufactured in Q1 of 2023, with a rapid increase to over 8,000 units in Q2. More than 15,000 units will follow in Q3, and in Q4 the company will finish the year with enough units to total 42,400.
The top trim Fisker Ocean Extreme comes with a price tag of $68,9992. The Ocean Extreme can travel 350 miles on a single charge, with dual-motor, all-wheel-drive, three driving modes, a 17.1″ rotating screen, SolarSky roof, California Mode, and many first-to-market safety features, including the world’s first digital radar.
The limited edition Fisker Ocean ONE builds on the Extreme trim, offering specific signature cues available only on the first 5,000 vehicles. In July 2022, the Fisker Ocean ONE sold out in 30 days, each secured by a $5,000³ deposit representing $350 million in potential revenue for Fisker once all the vehicles are delivered.
Shares of FSR are up 1.84% in pre-market trading on Thursday.
