Archive for Fisker

Fisker + Foxconn Confirm Ohio Production For PEAR Urban Lifestyle EV

Posted in Commentary with tags on May 12, 2022 by itnerd

Fisker Inc. has confirmed that it will produce its second vehicle, the Fisker PEAR, at a factory Foxconn (Hon Hai Precision Industry Co. Ltd.) acquired in Ohio.

The Fisker PEAR will enter production in 2024. Both the Fisker and Foxconn teams are fully engaged and expect to build a minimum of 250,000 Fisker PEAR units a year at the plant after a ramp up period. 

The Fisker PEAR follows the company’s first vehicle, the Fisker Ocean, which starts production in Austria on Nov. 17, 2022. The Fisker PEAR will have an expected base price below $29,900 before incentives. Fisker has designed and engineered the vehicle to reduce parts for rapid, simplified manufacturing. The Fisker PEAR will be built on a new proprietary architecture. This new platform will underpin two additional models that Fisker will introduce at a later date.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit  www.FiskerInc.com.

Fisker Now Accepting Reservations For The Fisker PEAR

Posted in Commentary with tags on February 15, 2022 by itnerd

Fisker Inc. is now accepting reservations for its second product, the Fisker PEAR, opening the door to the Personal Electric Automotive Revolution.

The all-electric Fisker PEAR blends sustainability, technology, and design into a digitally connected, compact, five-passenger urban EV. Featuring intuitive controls, sporty driving, clever storage, and a focus on industry firsts, the Fisker PEAR will start at $29,900 before taxes and incentives in the US. Fisker’s first vehicle, the all-electric Fisker Ocean SUV, will start production in November 2022.

Fisker has partnered with Foxconn to produce this innovative EV. 

Consumers can reserve the Fisker PEAR for $250 for the first reservation and $100 for the second reservation. Deliveries will begin in 2024. The Fisker PEAR will be produced in Ohio with a minimum initial production of 250,000 units per year. 

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.fiskerinc.com.

Fisker To Debut The Fisker Ocean At Mobile World Congress 

Posted in Commentary with tags on February 4, 2022 by itnerd

Fisker Inc. will debut its Fisker Ocean all-electric SUV to the European market at Mobile World Congress in Barcelona.

The five-passenger Fisker Ocean Sport features a range of 250 miles with a starting price of $37,499. The top trim Fisker Ocean Extreme travels 350 miles on a single charge with dual-motor AWD, three driving modes, and a host of first-to-market safety features. Mobile World Congress runs from Feb. 28-March 3, 2022, and attendees are welcome to visit the show stand to see the Fisker Ocean in person.  

Fisker is developing a comprehensive and well-integrated European strategy. In 2021, the Manhattan Beach, Calif.-based startup established an office in Munich and is rapidly adding staff to serve a fast-growing electric vehicle market. 

The company is constructing its first European-based brand experience center in Munich, with plans for additional centers in other European countries. The company’s industry-leading warranty will be supported by service centers throughout the region. For service, the company is offering at-home vehicle pick-up, or Fisker Mobile Service, for customers who prefer skilled technicians come to them.  

Finally, in 2021, Fisker created its Fisker Magic Works and chose England as the division’s headquarters. This branch of the Fisker organization will develop special editions of the company’s vehicles alongside new, high-performance projects combining sustainability with Henrik Fisker’s commitment to beautiful, emotional design.  

In Depth: An Interview With Henrik Fisker Of Fisker Inc.

Posted in Commentary with tags on January 20, 2022 by itnerd

It isn’t every day that I get to talk to the CEO of a car company. But that’s what happened when I got 15 minutes over Microsoft Teams to speak with Henrik Fisker of Fisker Inc. They are about to roll out the Ocean which is their electric SUV that is due to start deliveries in November. Though that seems limiting to describe it in that manner as it looks like it is coming to the table with a lot of leading tech that should push it to the forefront of the electric vehicle conversation.

The first question that I asked Mr. Fisker was in relation to this press release about Fisker Intelligent Pilot. This is a system that is an industry-leading surround-view camera suite, a camera-based driver-monitoring system, ultrasonic technology, and a Digital-Imaging that is meant to keep you safe. Mr. Fisker pointed out that besides being industry first tech, the system can “see” way better than any camera or radar system that is out there. That allows the car to have a “safety net” as it were around itself. That’s because Fisker is approaching this from the standpoint of how they can make the vehicle safer rather than focusing on how they can make the vehicle drive itself. Because they approached it differently, they can make the system more effective and precise. As well as being far more useful in more situations. Especially in situations which are far from perfect for these sorts of systems.

The second question that I asked was about how Fisker would deal with increasing competition from companies like Audi, Mercedes and BMW who are used to producing millions of copies of something a year. Because I’ve argued for a while that once mainstream car companies get serious about electric vehicles, companies like Fisker would be in trouble. Mr. Fisker’s answer was quite interesting. He pointed out that Tesla has been fighting this for seven or eight years, and Tesla is still there. The reason why that is the case is that companies like Fisker have speed and traditional car companies don’t. By that I mean that traditional car companies who sell you a car today are actually selling you a car that is four years old due to the fact that it take them three years to develop said car. Fisker on the other hand is able to cut that development time to 2.5 years which makes them far more nimble and able to put what is truly the latest tech into their cars. Their organization is designed to make decisions quicker, and they have partners that enable them to speed things up. Their partnership with Foxconn also help this by helping them have an efficient and lower cost supply chain.

My next question was about international distribution which is important to me as I am Canadian. Fisker is going to be selling vehicles directly with Canada and Europe queued up for what Fisker calls “Experience Centers” in the first half of next year. One thing that I should note is that Mr. Fisker says that he already has healthy orders on the books from Canada which is a great sign.

My last question had to do with the fact that I perceive Fisker Inc. to be a different type of car company. Sort of like GM’s gone but not forgotten Saturn brand from days gone by (Full disclosure, my wife and I either leased or purchased four Saturn cars over the years). Mr. Fisker’s answer is absolutely as they do nothing in the traditional way. And Mr. Fisker focused on the buying and delivery experience. For example all cars will either be delivered via “delivery centers” or at home. And ultimately, vehicles will be purchased via their app. On top of that, Fisker will have a flexible lease option that allows you to give back the car at any time. And the car is will be recycled after 12 years. Finally, strategically developing IP to innovate and delight customers. All of this is meant to re-invent the car industry which according to Mr. Fisker is an industry that needs to be reinvented.

I’ll be keeping an eye on Fisker Inc. as they get closer to launching the Ocean later this year. If the world stops ending I hope to see one in person and be able to report on that. But for now, I’d like to thank Mr. Fisker for his time as this was a very enlightening interview.

Here’s A Video Of The Fisker Ocean In Action

Posted in Commentary with tags on January 7, 2022 by itnerd

I’ve been writing about Fisker for a while now as they move towards customer delivers later this year. And for something different, here a video of Chairman/CEO Henrik Fisker driving a Fisker Ocean at high speeds in the desert in California. This will give you a good look at the Fisker Ocean from a lot of different angles:

Courtesy: Fisker Inc. Music by Moby.

Also, I’ll give you a heads up about an interview that I did with Henrik Fisker that I am getting ready to post next week. You should stay tuned for that as even though I only had 15 minutes with him, it was a very enlightening 15 minutes.

Fisker Reveals World’s First Digital Radar System In A Production Vehicle

Posted in Commentary with tags on January 5, 2022 by itnerd

Fisker Inc. is showcasing its Fisker Ocean all-electric SUV at CES in Las Vegas, highlighting the vehicle’s state-of-the-art Advanced Driver Assistance System (ADAS).

Called Fisker Intelligent Pilot, the ADAS platform integrates four types of sensors: an industry-leading surround-view camera suite, a camera-based driver-monitoring system, ultrasonic technology, and a Digital-Imaging Radar System that Fisker expects will be first to market when the Fisker Ocean begins production in November 2022.

The Fisker Ocean’s cameras are sourced from one of the market leading suppliers and provide latest-generation vision capability, with a front-facing 8-megapixel camera delivering the highest resolution currently available in a vehicle. The 360-degree camera system enables base-level object detection from proven technology used on tens of millions of vehicles globally.

Fisker’s industry-first, Digital Code Modulation-based radar system uses five units positioned around the Fisker Ocean to confirm and enhance what the cameras see. The system also provides an additional degree of perception in conditions of bad weather and excessive sun glare, and performance superior to analog radar systems. The Fisker Digital Radar, for example, can locate vehicles at 200 meters (656 feet) and pedestrians at 80 meters (262 feet).

The system can also better distinguish its surroundings in environments of high light-dark contrast, such as in tunnels and on bridges, and differentiate objects of varying sizes and speeds on highways, such as cars, trucks, and motorcycles. Additionally, Fisker Digital Radar can separate objects from backgrounds and detect low-lying roadway obstructions.

With its features working together, Fisker Intelligent Pilot’s perception stack with camera and radar sensor fusion makes better decisions at highway speeds, in city traffic, and in poor weather.

To ensure that the driver is attentive when the system is engaged, Fisker Intelligent Pilot uses an A-pillar-mounted interior camera that monitors for drowsiness and concentration. 

Fisker Intelligent Pilot features standard on the $68,999 Fisker Ocean Extreme and Fisker Ocean One include:

  • 360-degree Surround View with 3D
  • Door Opening Warning 
  • Park My Car – automatic parking spot finder
  • Park Assist with Wheel Guard – parallel parking aid
  • Adaptive Drive Control  
  • Automatic Emergency Braking – Premium
  • Reverse Collision Mitigation
  • Evasive Steering Assist
  • Integrated Drive Assist  
  • Traffic Jam Assist (with Integrated Drive Assist) 
  • Driver Drowsiness and Attention Warning  
  • Traffic Sign/Light Recognition  
  • Front and Side Collision Warning 
  • Lane Change Assist   
  • Lane Keep Assist 
  • Intelligent Speed Assist 
  • Emergency Lane Departure Avoidance 
  • Blind Spot Monitoring

[Sport and Ultra trim levels each come equipped with the full ADAS hardware system and a subset of the software-enabled features above. Fisker expects to offer additional features as over-the-air delivered options, provided at the point of sale or post-purchase.] 

Fisker Inc. Announces Its First-Ever NFT Series

Posted in Commentary with tags on December 20, 2021 by itnerd

Fisker Inc. has announced Fisker by Hand: OCEAN Concept Collection, a series of non-fungible tokens (NFTs) of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik Fisker.

Fisker by Hand NFT auctions allow participants to partake in a charitable endeavor today, while in the future, NFT owners will enjoy exclusive invitations to bespoke events curated by Fisker.

For the inaugural release, a total of 100 Fisker by Hand: OCEAN Concept Collection NFTs are available for purchase, organized into four tiers: Ocean One: Limited to 1 Copy, 1 of 1; Extreme: Limited to 10 Copies; Ultra: Limited to 25 Copies; Sport: Limited to 64 Copies. The top three NFT tiers enjoy redeemable benefits such as signed prints and for Ocean One, an original art piece.

As part of the first-ever Fisker by Hand: OCEAN Concept Collection NFT sale, Fisker is donating 50% of primary sales to nonprofit organizations supporting corporate ESG principles.

Fisker by Hand: OCEAN Concept Collection NFTs will be auctioned through the FTX.US marketplace using Solana cryptocurrency on the Solana blockchain, a proof-of-stake blockchain with far less environmental impact than a proof-of-work blockchain. Solana’s carbon-neutral pledge aligns with Fisker’s brand pillars of design, innovation and sustainability. The auction will start at 5:00 p.m. PST on Wednesday, Dec. 22, 2021, and end 24 hours later. More information is available here.

Fisker Inc. Commits to United Nations Global Compact 

Posted in Commentary with tags on December 17, 2021 by itnerd

Fisker Inc. who is the passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions has joined the United Nations Global Compact (UNGC) as a signatory and participant.

The UNGC, established in 2000, is the world’s largest corporate sustainability initiative, according to the organization, uniting businesses in over 160 countries to support Ten Principles in areas of human rights, labor, the environment, and anti-corruption. (Additional detail on the Ten Principles can be found below.)

Shortly after going public, Fisker established a stringent framework for Environmental, Social, and Governance (ESG), including company-wide deliverables aligned with the UN Sustainable Development Goals (UNSDGs) and using the SASB reporting structure.

Signing on to the UNGC was a logical next step for Fisker as it pursues an overarching goal of creating the world’s most sustainable all-electric vehicles, starting with the Fisker Ocean SUV, arriving in late 2022. The company aims to produce a climate-neutral vehicle by 2027.

Ten Principles of the UNGC

The UNGC has articulated Ten Principles for the Global Compact, grouped into four areas:

Human Rights

Principles 1 &2: Businesses should support and respect the protection of internationally proclaimed human rights; and make sure that they are not complicit in human rights abuses.

Labor

Principles 3-6: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; the elimination of all forms of forced and compulsory labor; the effective abolition of child labor; and the elimination of discrimination in respect of employment and occupation.

Environment

Principles 7-9: Businesses should support a precautionary approach to environmental challenges; undertake initiatives to promote greater environmental responsibility; and encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

Fisker Inc Was Built on ESG

Founded in 2016, Fisker Inc has committed to ESG since the company’s inception and has established a comprehensive ESG framework that informs all aspects of the business. Fisker’s approach to ESG consists of industry leadership, transparency, partnerships, and real-world scientific measurement.

Thanks to this framework, Fisker intends to meet the UN’s requirement to produce a Communication of Progress (COP) on the company’s efforts to support the Ten Principles of the UNGC. The COP will be generated in 2022, documenting Fisker’s specific actions.

Within a few months of going public, Fisker established a publicly reported Responsible Supplier Policy and recently published its Labor and Human Rights Policy, among other important Governance material. The company has formed an ESG Advisory Council that will regularly engage in important Environmental and Social challenges and recommend actions consistent with the company’s values and the Ten Principles of the UNGC.

Renowned actor and United Nations Development Programme (UNDP) Goodwill Ambassador Nikolaj Coster-Waldau has joined the Fisker Advisory Council as its first external member. The “Game of Thrones” actor has been involved with the UNDP since 2016; he will advise Fisker on matters related to the UNGC and the UN’s global goals for sustainable development.

Fisker Teams w/ CATL For Long-Term Battery Capacity 

Posted in Commentary with tags on November 2, 2021 by itnerd

Fisker Inc. and Contemporary Amperex Technology Co Ltd today announced a formal agreement cementing battery capacity for the Fisker Ocean SUV. 

Under the terms of the agreement, CATL will supply two different battery solutions for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023Y-2025Y. The primary high-capacity pack uses a lithium nickel manganese cobalt (NMC) cell chemistry with the second high-value pack offering CATL’s latest cells based on lithium-ion phosphate (LFP) chemistry. Fisker and CATL teams have been working seamlessly together in close collaboration since 2020 to develop class leading Fisker battery solutions optimized for vehicle structure, crashworthiness and very high levels of energy density. Currently, the teams are engaged in extensive testing and validation at the pack and vehicle level.

In addition to meeting the demanding packaging requirements for the Fisker Ocean program, the Fisker 

Ocean battery packs have additional features that permit direct charging from the optional solar roof, using an innovative engineering integration strategy. Further, both battery pack solutions are engineered to support peak charging powers of more than 250 kilowatts. 

Fisker remains on target to start production and deliveries of the all-electric Fisker Ocean in November 2022 – and to unveil the production-intent version, including additional battery specifications and product features, on Nov. 17, 2021 at the Los Angeles Auto Show.  

Foxconn Will Build Fisker Vehicles In Ohio Thanks To Deal To Buy GM Factory

Posted in Commentary with tags on October 1, 2021 by itnerd

Yesterday, Fisker and Foxconn made an announcement that Foxconn will build electric vehicles for Fisker Inc. at a former GM factory in Ohio. This will help to get Fisker vehicles to market with manufacturing to start in Q4 2023. I got this quote from Henrik Fisker, chairman and CEO of Fisker Inc:

“We welcome the news from Foxconn, our co-investment partner on Project PEAR, concerning their manufacturing plans for the facility in Ohio. Achieving key program objectives such as time to market, access to a well-developed supplier ecosystem and overall cost targets were all important factors in the decision to locate manufacturing in Ohio. Since signing the agreement with Foxconn earlier this year, we have been working together intensively on all aspects of Project PEAR including design, engineering, supply-chain and manufacturing. Fisker’s commitment to volume manufacturing in the United States takes another important step forward today with the signing of this agreement.”

I’ll be keeping an eye on this as the EV market needs another player in it. And this deal will help to get those vehicles to market.