Fisker Achieves Manufacturing Milestones Before November Start of Production of All-Electric Fisker Ocean

Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – is achieving manufacturing milestones as 95 prototype Fisker Oceans have already rolled off partner Magna Steyr's production system. Fisker will use the early-run vehicles to train service workers, conduct rigorous testing, and showcase the five-passenger, all-electric SUV across nine launch markets.

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Fisker CEO Henrik Fisker inspects prototype all-electric Fisker Ocean at Magna Steyr production facility in Graz, Austria. Magna produced 95 prototype vehicles for marketing, service and manufacturing training. (Photo credit: R. Reiter)

"It's fantastic to see the quality of the Fisker Oceans currently being manufactured, and to also see them incrementally improving on every visit," Chairman and CEO Henrik Fisker said. "It's rewarding to observe the continuous improvements to manufacturing speed on the assembly line. Our marketing and service teams are thrilled to get their hands on cars before the official production starts so they can thoroughly prepare for deliveries and promote the Fisker Ocean in our launch markets. This phase of assembly marks the onset of improvement and refinement for start of production and through ramp-up."

Fisker continues developing its retail network, constructing Fisker Lounges in Los Angeles and Munich and Fisker Center+ locations in Copenhagen and Vienna, with plans for additional Lounges and Center+ spots in other key cities. In addition, the company's industry-leading warranty will be supported by service centers throughout its nine launch markets, offering at-home vehicle pick-up or Fisker Mobile Service for customers who prefer skilled technicians to come to them.

The Fisker Ocean, the ground-breaking five-passenger all-electric SUV, is available in four trim levels: One (limited edition), Extreme, Ultra, and Sport. The top trims of Fisker Ocean One and Fisker Ocean Extreme travel 350 miles (U.S.) ¹ on a single charge, with dual-motor, all-wheel-drive, three driving modes, Revolve 17.1" rotating screen, SolarSky roof, California Mode, Smart Traction, all for $68,999² in the U.S. As of today's release, Fisker has over 60,000 reservations and orders for the Fisker Ocean, including 5,000 sold out Fisker Ocean Ones, each secured by a $5,000³ deposit.