Fisker has released the financial report for the 3rd quarter of 2022. While the startup is yet to ship a car, it ended the quarter with over 62,000 reservations.
However, according to the report, production will commence in about two weeks with the Fisker Ocean EV.
Fisker has a four-phase production roadmap that will deliver 42,400 units by the end of 2023. ￼
The first quarter of 2023 will produce about 300 units, and the second quarter will ramp up to 8,000.
By the third quarter, Fisker will handle more than 15,000 EVs.
The company’s manufacturing partner is Magna Steyr in Austria.
Fisker also reported progress on its second EV, the PEAR. This is the more affordable Fisker EV. It has gathered over 5,000 reservations, even without much info about it released yet. ￼
The company says it will finish the prototype ahead of schedule and that it should cost below $30,000 even before incentives. It will be built state-side in Ohio.
Other highlights in the report include an operating loss of $140 million and cash and equivalent worth $824.7 million.
even before selling its first EV, the company is considering expansion in India.