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Fisker SUV Demand Has CEO Hoping Partner Triples Production After Next Year

  • Partner Magna could raise production to 150,000 cars annually
  • EV startups have chance to break into market until 2025: CEO
The Fisker Ocean electric SUV.

The Fisker Ocean electric SUV.

Photographer: Kyle Grillot/Bloomberg

Fisker Inc. hopes to boost production capacity at partner Magna International Inc.’s plant in Austria to 150,000 vehicles from 2024 as reservations for its first electric car surge.

The startup has taken more than 40,000 reservations for the Ocean sport utility vehicle that starts at $37,499. The company expects as many as double that by year-end, Chief Executive Officer Henrik Fisker said in an interview.