The electric Fisker Ocean goes into production in late 2022, priced from $37,500. Self-described “digital car company” Fisker has said for months it would outsource Ocean production instead of building its own plant to hold down costs. Magna, which assembles vehicles under contract for BMW, Daimler, Jaguar Land Rover and Toyota, will build the Ocean at its Graz, Austria, plant. “It includes Magna taking a 6% equity stake in Fisker and Magna being responsible for manufacturing the Fisker Ocean, which is still on target as planned in Q4 2022. With the new Fisker Inc., the focus is vehicle design, software, a user app and sales and service–with Magna handling vehicle engineering and manufacturing.

Source: Forbes October 15, 2020 12:56 UTC