Fisker Set to Boost Ocean EV Production in Q4

Fisker Inc. plans to increase production of its Ocean SUV in Q4, aiming to reach 300 units per day with the help of contract manufacturer Magna Steyr. However, the American automaker has already revised its annual production guidance twice, lowering it to 20,000 to 23,000 Ocean SUVs. Fisker has faced challenges in meeting its original targets, but hopes to make progress with the ramp-up in production. The company anticipates receiving 5,000 Ocean One launch editions from Magna by the end of the month and is focused on delivering vehicles to its customers. The upcoming Q3 report will provide further insight into Fisker's production progress.