Fisker (FSR) gains following announced production ramp
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Fisker (FSR) explores collaboration with other companies
May 17, 2023 11:41 AM EDTFisker (NYSE: FSR) CEO, Henrik Fisker said Wednesday that the electric automaker is exploring collaborations with other companies to scale up market share faster.
"Buyers aren't loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich.
During interviews at the conference on Tuesday, senior executives from Polestar (NASDAQ: PSNY) and Smart, rival... More
Gov. Abbott signs annual EV tax bill into law
May 16, 2023 2:44 PM EDTTexas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.
The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.
The bill passed a vote in the... More
Fisker (FSR) Enters Next Phase of Production for Electric Fisker Ocean
May 15, 2023 7:17 AM EDTFisker Inc. (NYSE: FSR) is commencing the next phase of production as it accelerates its global launch of the electric Fisker Ocean SUV, and is planning to deliver to next customers across Europe and US markets starting in June.
As previously announced, Fisker expects to gradually ramp up production over... More
Fisker (FSR) pushes release of Pear EV until 2025
May 12, 2023 2:20 PM EDTIn a recent update, American electric vehicle manufacturer, Fisker (NYSE: FSR) announced that the launch of its highly anticipated model, the Fisker Pear, will be postponed until 2025. The company originally announced the affordable EV would debut with a price of $29,900 in 2024, but it... More
Polestar (PSNY) slashes production guidance and announces job cuts
May 11, 2023 10:00 AM EDTSwedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.
The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More
