Fisker announces reduction in production and lowers full-year production target to cope with market challenges

U.S. electric vehicle manufacturer Fisker recently announced that due to lower-than-expected vehicle production this year, it will scale down production this month to better meet working capital needs. This is not the first time Fisker has lowered its production target. Last month, they lowered their production target for this year to 13,000 to 17,000 vehicles. The earlier goal was to produce more than 20,000 vehicles by the end of the year. This time, Fisker has lowered its production target to "just over 10,000 units"

According to Fisker's third-quarter financial report, the company lost 9,100 in the third quarter. million (approximately 650 million yuan), revenue was US$71.8 million (approximately 513 million yuan), both lower than expected. Despite the tough market conditions for electric vehicles, the company claims it still plans to speed up sales and deliveries.

Fisker announced in October this year that it would open its first sales experience store in Shanghai, which is planned to open in Taicang Road, Huangpu District, in December 2023 or January 2024. Henrik Fisker, chairman and CEO of Fisker, said: "China is an extremely important market for us." Previously, Fisker established an office in China in 2022 and released a report on China earlier this year. More details of plans, including opening of delivery center in 2023

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