- Fisker has now signed four dealer partners in the US, with
additional signings expected in the coming weeks.
- New dealers signed are Ourisman Fisker, Classic Fisker, and
Long Island Fisker, in addition to the previously announced Mills
Automotive Group.
- Collectively, these dealers will be selling vehicles in
North Carolina, South Carolina, Georgia, Maryland, New York, and
New Jersey at seven locations.
- Fisker has received interest from over 250 dealers in North
America and the rest of the world regarding our new Dealer
Partnership model.
- The Dealer Partnership model is proving attractive to
dealers as they are gaining access to an American EV-only brand
with a unique business approach.
- On January 4, Fisker announced a strategic shift from direct
sales to a Dealer Partnership model which will enable it to
significantly scale for Fisker Ocean deliveries and higher volume
production of additional future models.
Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to
create the world’s most emotional and sustainable electric
vehicles, announced today that it has signed a total of four dealer
partners in the US as it undertakes a strategic shift in its
business model.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240215727857/en/
Fisker CEO Henrik Fisker and Mike
Domenicone, Principal and owner of Classic Fisker, signing at NADA
in Las Vegas. (Photo: Fisker Inc.)
Dealers joining the Dealer Partnership program are the Mills
Automotive Group, Ourisman Fisker, Classic Fisker, and Long Island
Fisker.
“I’m excited by the rapid progress of the Dealer Partnership
model, which we announced just over a month ago,” Chairman and CEO
Henrik Fisker said. “The dealer partners we have signed up so far
share a commitment to the future of electric vehicles and to their
communities, many of which they have served for multiple
generations. I believe our customers will find that each of these
dealer partners plan to provide top-level service and ongoing
relationship building for owners of the class-leading and
award-winning Fisker Ocean SUV.”
Mills signed up to be Fisker’s first dealer partner in the US at
the company’s inaugural dealer open house on January 31 and will
open three Fisker dealerships in Charlotte and Raleigh, NC (Triad
Fisker); and Greenville, SC (Stateline Fisker).
Ourisman Fisker and Classic Fisker both signed at the National
Automobile Dealers Association Show in Las Vegas earlier this
month, and Long Island Fisker signed this week.
Ourisman Fisker, part of a fourth-generation dealership group,
will be located in Rockville, MD, in the Washington, DC area.
Classic Fisker will open a location in Atlanta, Long Island Fisker
plans to open a location in that region of New York state and
another in New Jersey. Altogether, these dealer partners intend to
open seven locations.
On January 4, 2024, Fisker announced that it would engage in a
strategic shift from direct sales to customers in North America to
an innovative Dealer Partnership model. The model combines the goal
of offering its customers no-haggle pricing on Fisker vehicles
(where permitted) and superb service while also providing dealer
partners with larger market territories, so they can maintain
pricing without concern for local competition. Taken together,
these goals represent a win-win-win for customers, dealers, and
Fisker. The transition to dealer partners aligns with Fisker’s
asset light business model, which enables the company to
significantly scale for Fisker Ocean deliveries and higher volume
production of additional future models.
Fisker has received interest from over 250 dealers in North
America and the rest of the world since announcing its strategic
shift.
Fisker is currently delivering the all-electric Ocean SUV, which
starts at $38,999, in the US, Canada, and Europe. In the US, the
Ocean has an EPA range of up to 360 mi 1, which is the longest
range of any new electric SUV in its class 2. The Fisker Ocean has
the lowest published carbon footprint of any electric SUV, uses
over 110 lbs. of recycled and bio-based materials, is built at a
carbon-neutral facility, and integrates rooftop solar panels,
adding up to 1,500 miles/year of range 3.
1 EPA estimated range. Mid-size SUVs. Measurements conducted
with standard 20” wheels. Actual results may vary for many reasons,
including driving conditions, wheel size, state of battery charge,
and how the vehicle is driven and maintained. 2 Mid-size SUVs in
comparable price segment. 3 Based on Fisker simulations. Ideal
conditions assume solar irradiation of 5.4 kWh/m2/day and steady
commuter driving. Actual results vary with conditions such as
external environment and vehicle use.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive
industry by designing and developing individual mobility in
alignment with nature. Passionately driven by a vision of a clean
future for all, the company is on a mission to create the world’s
most sustainable and emotional electric vehicles. To learn more,
visit Fiskerinc.com and enjoy exclusive content across Fisker's
social media channels: Facebook, Instagram, Twitter, YouTube, and
LinkedIn.
Download the revolutionary new Fisker mobile app from the App
Store or Google Play.
Forward-Looking Statements
This press release includes forward-looking statements, which
are subject to the “safe harbor” provisions of the US Private
Securities Litigation Reform Act of 1995. These statements may be
identified by words such as “feel,” “believes,” “expects,”
“estimates,” “projects,” “intends,” “should,” “is to be,” or the
negative of such terms, or other comparable terminology and
include, among other things, the quote from our chief executive
officer, any potential future automotive original equipment
manufacturer (or equipment or part manufacturer) transactions and
other future events that involve risks and uncertainties. Such
forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties, which could cause
actual results to differ materially from the forward-looking
statements contained herein due to many factors, including, but not
limited to: Fisker's limited operating history; Fisker's ability to
enter into additional manufacturing and other contracts with Magna
or tier-one suppliers in order to execute on its business plan; the
risk that OEM and supply partners do not meet agreed-upon timelines
or experience capacity constraints; Fisker may experience
significant delays in the design, manufacture, regulatory approval,
launch and financing of its vehicles; Fisker's ability to execute
its business model, including market acceptance of its planned
products and services; Fisker's inability to retain key personnel
and to hire additional personnel; competition in the electric
vehicle market; Fisker's inability to develop a sales distribution
or dealership network; and the ability to protect its intellectual
property rights; and those factors discussed in Fisker's Annual
Report on Form 10-K, under the heading “Risk Factors”, filed with
the Securities and Exchange Commission (the “SEC”), as supplemented
by Quarterly Reports on Form 10-Q, and other reports and documents
Fisker files from time to time with the SEC. Any forward-looking
statements speak only as of the date on which they are made, and
Fisker undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240215727857/en/
European Media: Press.europe@fiskerinc.com
US Media Fisker@GODRIVEN360.com
Customer service: Support@fiskerinc.com
Fisker Inc. Communications:
Matthew DeBord VP, Communications mdebord@fiskerinc.com
Franziska Queling Regional Head of Public Relations, Europe
fqueling@fiskerinc.com
Investor Relations: Eric Goldstein Head of Investor Relations
egoldstein@fiskerinc.com
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