Nissan Might Throw Fisker $400M Lifeline to Get an Electric Truck

Nissan Might Throw Fisker $400M Lifeline to Get an Electric Truck

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Fisker is in a tricky spot in the mean time. Henrik Fisker’s new upstart electrical automobile firm is struggling to promote its Ocean SUV, its inventory worth dropped to an all-time low of simply 38 cents per share on Friday, and it introduced on Thursday that it must reduce 15% of its workforce. Resulting from its struggles, the corporate introduced that funding into all new initiatives could be paused till it could discover a manufacturing companion. Fortunately for Fisker, it might have already discovered that companion—Nissan.

The Drive reached out to Nissan for a remark and can replace this story once we get extra info.

In line with Reuters, sources acquainted with the negotiations declare that Nissan is seeking to make investments $400 million into Fisker. In return, Nissan would achieve entry to Fisker’s EV platforms and applied sciences. Extra particularly, Nissan would construct the lately introduced Fisker Alaska pickup at one in every of its United States meeting crops and construct its personal electrical pickup on the identical platform.

Fisker

Fisker

This is not the primary time Fisker expressed its curiosity in partnering with one other automaker, one that might assist it manufacture extra automobiles at a bigger scale. “We’ve two vehicles which are virtually prepared. We will carry them to market quick—we simply want the capability,” Fisker instructed Reuters in November 2023. He additionally mentioned that he had been negotiating with 5 “conventional automobile firms.” Nevertheless, this previous Thursday, Fisker mentioned he’d narrowed it down to at least one.

At face worth, this looks like a deal that may work out effectively for each firms. Fisker has some attention-grabbing and promising battery tech and its platform—variants of which underpin each the Ocean and Alaska—makes use of chassis tech from Austrian producer Magna Steyr. That know-how may assist Nissan, who’s been caught in an electrical rut after pioneering reasonably priced EVs with the Leaf, get again in its groove. Nevertheless, with construct high quality points plaguing current evaluations and manufacturing struggles, Fisker may actually use each the funds and the manufacturing functionality that Nissan can present. It is going to be very attention-grabbing to see what occurs with each firms if this deal is made.

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