Monday, March 18, 2019
Fisker Announces New Sub-$40,000 SUV
Los Angeles-based electric car startup Fisker announced a brand new vehicle today, a sub-$40,000 SUV, promising that it will start shipping to customers in the second half of 2021. Fisker, run by auto designer Henrik Fisker, said the new vehicle will have close to 300 miles of range and start below $40,000, but is not expected to have a driveable prototype of the vehicle until the end of this year. The company also said the first vehicle in its line--the luxury, Fisker Emotion sedan--is now not expected to ship until after the newly announced SUV, apparently because of issues with its solid state batteries. Henrik Fisker was behind the predecessor to Fisker, Fisker Automotive, which went bankrupt and was sold to a Chinese company, Wanxiang Group, back in 2014; that company's vehicle, the hybrid Fisker Karma, only was sold for around a year before the company went into bankruptcy due to issues with the company's battery supplier. That company, Fisker Automotive, went through $1.4 billion in investor and government money before going bankrupt.