After unveiling the all new Ocean earlier this year, Fisker is moving closer to production of its new electric SUV. This comes after Fisker inked a huge deal to share a platform with Magna International, with the latter solely taking care of the Ocean's production in Europe.
It's Deal Between Fisker And Magna
While Fisker had already revealed the specs, features and the looks of the new Ocean electric SUV, it had no way to manufacture it prior to the Magna deal. Fisker was still on the hunt for the right EV architecture. At one point Fisker was in talks with Volkswagen to use the German carmaker's MEB electric architecture. Eventually Fisker landed at an agreement with Manga instead.
FM29 Aluminum-Intensive Platform
The agreement entails the development of a new EV platform specially engineered for the Fisker Ocean and future siblings. Dubbed the "FM29", this lightweight aluminum-intensive platform will leverage Magna's existing EV architecture and the carmaker's Fisker-Flexible Platform Adaptive Design (FF-PAD) to deliver best-in-class range, interior room with third-row seating as well as overall performance.
With Magna taking care of the manufacturing side, Fisker will be able to save some money. With the lower bill of materials and manufacturing costs, Fisker said the agreement with Magna will allow them to offer the Ocean at a starting Manufacturer's Suggested Retail Price of just $37,499. At that price the Fisker Ocean could be a serious contender against the likes of Tesla. Production will be at Magna's facilities in Europe.
Production Starts 4th Quarter 2022
The new FM29 platform won't be just exclusive to the Fisker Ocean, as the carmaker sees the upcoming architecture to also underpin its future electric vehicles. With the architecture and manufacturing dilemma solved, Fisker is expected stay true to its promise to commence production of the Ocean in the fourth quarter of 2022.
Source: Fisker