Fisker is entering into agreements with Magna to use its EV platform for the Fisker Ocean SUV. The vehicle will initially be manufactured exclusively by Magna in Europe.
Henrik Fisker, chairman and CEO of Fisker, stated, “We chose to leverage the Magna EV architecture after detailed due diligence on several options – and in consideration of our own product and technology strategy. Further, having Magna take such a committed position in the project and our company demonstrates the depth of this cooperation. Combined with our own Fisker developed IP, the new FM29 platform is projected to deliver class-leading range, interior space with third-row seating and overall vehicle performance. These factors, combined with capital investments, Bill of Materials and manufacturing costs, will enable us to deliver the Ocean to market at a starting MSRP of US$37,499.”
Fisker’s design, engineering and software teams will use the Fisker-Flexible Platform Adaptive Design (FF-PAD) to integrate Magna’s EV architecture with the body of the Ocean SUV. The FM29 lightweight aluminium-intensive platform will serve as the basis for the Ocean, and may also be the basis for future Fisker vehicles.