The FiskerOcean electric car is on the verge of bankruptcy, and Nissan may be a savior

Mondo Finance Updated on 2024-03-05

On paper, the Fisker Ocean is an attractive electric crossover. The starting price is just under 3The $90,000 front-wheel drive version offers a range of 231 miles, which can be upgraded to 5The $30,000 mid-range variant gets 350 miles of range, all-wheel drive, and acceleration from zero to 60 mph in four seconds. However, since going public, Fisker and Ocean have encountered a series of problems, according to Wall Street**, after losing nearly $500 million last year, Fisker's financial situation is worrying, and it can even be said that it is "critical".

Fisker says up to 4The $6.3 billion loss means the company may not be able to sustain operations for another year. The start-up automaker has recently announced that it will lay off 15% of its workforce, although many of the layoffs are purportedly sales strategy positions, which have been eliminated as Fisker moves to a dealership model. However, Fisker seems to believe that the only way to stay in business is to bring in external investment from established automakers.

However, it may take a while to seek such an investment. "There are important conditions that need to be met for any transaction to be completed, including the completion of due diligence and the negotiation and signing of relevant agreements. Henrik Fisker said in a statement.

While Fisker has not officially revealed which companies are in talks with, Reuters reported that Nissan is interested in striking a deal that would inject more than $400 million into Fisker in exchange for the rights to use the Fisker Alarska platform. In this way, Nissan will be able to create an electric pickup truck on this platform. According to an anonymous source, the deal has been largely finalized and the parties are in the due diligence phase.

When Reuters requested a comment on the rumors, a spokesperson for Fisker said it was inconvenient to comment on the speculation, while Nissan's PR team did not respond.

It is unclear whether Fisker will be able to negotiate a deal in time to avoid bankruptcy, but it is expected to weather the storm successfully. After all, it's a shame to see yet another EV start-up fail shortly after its first product hit the market.

post by james

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