Written by Cláudio Afonso | [email protected] | LinkedIn | X
Electric vehicle (EV) startup Fisker saw sales of 30 units of its debut model Ocean in Germany during April, marking an increase from the 24 units sold in March.
With 80 vehicles sold in the first quarter of the year, Fisker’s year-to-date sales now total 110 units as of the end of April.
In late March, Fisker initiated significant discounts on its 2023 inventory, with the Extreme variant now starting at $37,499 (reduced from $61,499), the Ultra variant at $34,999 (down from $52,999), and the Sport variant at $24,999 (previously $38,999).
Fisker published in April its annual report disclosing the delivery of over 6,400 Ocean SUVs since May 2023, when deliveries kicked off in Denmark.
“Our first model, the all-electric Fisker Ocean, has already garnered numerous awards for its design. As of April 16, 2024, the company has delivered over 6,400 Oceans,” the EV maker stated.
In late February, Fisker had reported the production of 10,193 units and the delivery of 4,929 vehicles which results in more than 1,471 vehicles delivered globally from January 1st until April 16. The company delivered its first vehicle to a customer on May 5, 2023, in the Danish capital Copenhagen.
According to data released by the German Federal Motor Transport Association, April saw the registration of 243,102 passenger cars, with 29,668 being fully electric. Electric vehicles comprised 12.2 percent of the total, while hybrids accounted for 75,182 registrations, marking a 26.4 percent increase from Ap
NEVER MISS AN UPDATE
Fisker has reportedly closed its showroom in New York last week as it transitions from direct sales to a dealer partnership model.
Located at 401 W. 14th Street, the Fisker store had been showcasing two units of its Ocean SUV until Thursday, which were removed on Friday — according to a Reddit User. Fisker did not immediately respond to a request for comment.
In January, the company announced a business model shift from direct sales to customers to a dealer partnership model. One and a half months later, the EV startup said over 250 dealers in “North America and the rest of the world ” showed interest in selling its first production model Fisker Ocean.
Last week, Fisker announced the addition of six dealer partners in the US bringing the number up to 12 as it continues to switch to dealer partnership model.
The company has now a total of 24 locations when adding the 12 dealers in Europe — nearly the triple from the 9 dealer locations the company was partnering with four weeks ago.
In the recently filed annual report, Fisker said that was “selecting its dealers based upon multiple criteria, including a dealer’s ability to deliver a high level of customer satisfaction”.
Two weeks ago, in mid-April, Fisker had announced new dealer partners in the U.S. and Europe having. As of today, Fisker has dealer partners in six European countries including Denmark, Austria, France, Germany, Norway, and Switzerland.
NEVER MISS AN UPDATE
The first day of may marked the deadline for Fisker’s agreement with the investor as the startup engages in talks with automakers regarding a potential buyout to avert bankruptcy.
As per Fisker’s SEC filing, the investor agreed to temporarily forbear from demanding immediate redemption of the investment to the company from April 21 until today, May 1st.
Fisker has recently withdrawn all financial and operational guidance for 2024 and appointed both Deutsche Bank and PJT Partners as financial advisors to explore strategic alternatives.
NEVER MISS AN UPDATE
Magna, the manufacturing partner, notified its workforce in Graz (Austria) in April that will reduce around 500 positions. With the production of the Fisker Ocean model halted for an undetermined time, Magna found itself compelled to implement substantial workforce reductions.
Fisker received the delisting notice of its stock from the New York Stock Exchange on March 25 and started trading on the OTC market, where securities trade via a broker-dealer network.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
