Fisker again lowers production target

Fisker is once again lowering its production forecast. According to its latest quarterly report, the electric car manufacturer expects to produce only 20,000 to 23,000 vehicles in 2023. That is more than 50 per cent lower than initially planned.

The reason is “a short-term capacity constraint at one supplier,” according to the US carmaker. However, Fisker does not go into more detail. The EV maker already lowered its production forecast by more than 10,000 units in May, shortly after delivering the first Fisker Ocean. Instead of the initial 42,400 units, the manufacturer aimed for 32,000 to 36,000 units for the current year – a target that was now again lowered significantly.

In the second quarter of 2023, Fisker produced 1,022 vehicles, 741 in June alone. It has since ramped up production, and in July, 1,009 units rolled off the production line, “while the assembly rate per day reached 140 at the end of July, up from 80 per day at the end of June.” And that, Fisker emphasizes, even though Magna Steyr (who builds the vehicle for Fisker) observed its annual summer holiday in July.

The second quarter of 2023 was also Fisker’s first quarter with sales from its vehicle business. Revenue from April to June totalled 825,000 dollars, up from 10,000 in Q2/2022. The net loss was 85.5 million dollars, while the loss from operations totalled $87.9 million.

Fisker currently delivers its electric SUV Ocean in Europe and the US. It also wants to launch the EV in India and China. Moreover, the carmaker recently presented three new electric vehicles – the Pear compact SUV, the Ronin five-seater sports car and a pickup model Alaska.


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