Nissan: Potential Savior for Fisker’s Financial Struggle?
According to a recent report, Fisker has confirmed their involvement in an investment deal with a prominent automaker. However, a new development has emerged, revealing that Nissan is currently engaged in “advanced talks” with the American electric vehicle startup for a potential partnership.
As per undisclosed insiders who revealed to Reuters, the agreement has the potential to provide Fisker with much-needed financial support and grant Nissan the opportunity to work on an electric pickup truck. Nevertheless, talks are ongoing and yet to reach a final decision, but could conclude by the end of this month.
In a recent statement, Fisker CEO Henrik Fisker emphasized the significance of a “strategic OEM partnership” for the highly anticipated Pear SUV and Alaska pickup truck. The company’s CFO, Geeta Gupta-Fisker, also stressed that the progress of the Alaska is dependent on the outcome of current negotiations.
Based on reports, Nissan plans to inject $400 million into Fisker’s truck platform and will also oversee the manufacturing of the Alaska truck in a US facility by 2026. As a result, Nissan will also introduce its own version of an electric pickup truck, which may potentially replace the Titan by summer of 2024.
Fisker declined to verify the information to Reuters, asserting that the corporation refrains from addressing rumors. Notably, the electric vehicle startup recorded deficits of $463.6 million in the fourth quarter of 2023.
Originating in August of the previous year, the Alaska Electric Vehicle truck boasts a dual battery system with capacities of 75 kWh and 113 kWh. These impressive batteries offer users an estimated distance of up to 340 miles. Furthermore, the truck measures at a length of 208.8 inches, which is significantly shorter than its competitor, the Ford F-150 Lightning, with a length of 232.7 inches. However, the Alaska EV truck incorporates a unique feature known as the ‘Houdini partition’, which allows for the bed to expand from 4.5 feet to 7.5 feet.
In 2019, Nissan declared its commitment to investing €600 million (around $666 million) in Ampere, an electric vehicle and software subsidiary owned by the Renault Group. This investment was made as part of the renewed alliance between the two car companies. However, there was no mention of a potential electric truck being developed through this partnership. Instead, the focus appears to be on venturing into valuable projects in Latin America, India, and Europe.
As stated by a source familiar with the matter, the recent reestablishment of the alliance between Nissan and Renault has resulted in the removal of limitations, granting Nissan the freedom to independently create electric vehicles and software without relying on Renault. The source further revealed that Nissan is currently exploring a multitude of potential avenues, stating, “There are many, many opportunities that we are considering.”
Related posts:
Problems Arise with Fisker Ocean in Newly Released Internal Documents
Fisker Seeks New Partnership Before Facing Bankruptcy
Fisker CEO Delays Launch of Budget-Friendly Pear Electric Vehicle
Partnering to Increase EV Sales: Fisker & No-Haggle Dealers
Nissan Unveils 4 Bold Concepts: Evolution, Epicness, N7eness, and Era-spective.
Fisker Ocean: Most Range of Any EV SUV in Europe
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