(Reuters) – Fisker stated on Friday its electrical car deliveries jumped greater than four-fold through the ultimate quarter, serving to it hand over about 4,700 automobiles for the 12 months.
The rise in quarterly gross sales quantity was primarily pushed by sturdy demand for the Fisker Ocean SUV, priced at about $69,000, the corporate stated.
Fisker began making its first deliveries to U.S. clients in June.
The corporate will announce a plan in January to spice up gross sales and deliveries to align manufacturing capability with sturdy demand for the Ocean SUV, Fisker stated.
Shares of the California-based EV firm have been up greater than 10% in premarket buying and selling. They’ve misplaced about 79% to date this 12 months.
Smaller EV companies are going through dwindling money reserves, pressured by excessive prices associated to manufacturing ramp-ups and worth cuts to spice up demand.
Fisker, which has a take care of Magna Worldwide’s Austrian unit to fabricate its vehicles, made 10,142 automobiles in 2023.
The corporate, nonetheless, slashed its annual manufacturing forecast twice previously two months because it slowed down manufacturing to satisfy working capital wants.
(Reporting by Akash Sriram in Bengaluru; Enhancing by Shweta Agarwal)
