Fisker Inc. - FSR STOCK NEWS

Fisker Inc. (NYSE: FSR) announces a strengthened global banking and treasury management partnership with JPMorgan Chase NA, highlighting strategic financial stability as it prepares to launch its first vehicle, the Fisker Ocean. Chairman and CEO Henrik Fisker emphasizes that Fisker does not have any ties with Silicon Valley Bank, which was recently placed in receivership, thus reassuring stakeholders about its banking relationships. Additionally, JPMorgan Chase will offer retail financing to Fisker customers in the US through Fisker Finance, while Santander serves retail financing in Europe.

Fisker has named Deftpower as its European public charging platform provider, granting Fisker Ocean owners access to over 425,000 public charging points across Europe. This partnership aims to enhance convenience for Fisker owners through the FISKER FLEX℠ Charge app and the vehicle's navigation system. Users will enjoy one year of free charging at over 30,000 eligible charging ports on the Allego network. Deftpower's network, which has grown 32% in the past year, allows seamless access and payment for charging, contributing to Fisker's mission of providing sustainable mobility solutions.

Fisker reported better-than-expected operational results for Q4 2022 and the full year, with total spending at $702 million, below the anticipated range of $715 million to $790 million. As of December 31, 2022, the company held over $736 million in cash, excluding $28 million in delayed VAT receivables. Reservations for the Fisker Ocean reached approximately 65,000, with homologation testing expected to complete in March 2023. The company maintains a 2023 production target of up to 42,400 units, forecasting gross margins of 8-12% and potential positive EBITDA. Fisker also secured partnerships for public charging and home delivery services.

Fisker Inc. (NYSE: FSR) has partnered with ChargePoint (NYSE: CHPT) to enhance public charging solutions for Fisker electric vehicle (EV) owners in North America. This collaboration provides access to over 210,000 activated charging ports managed by ChargePoint, including over 16,700 DC fast charge ports. Fisker drivers will benefit from easy access to local chargers and a streamlined payment system. The partnership aims to ensure that Fisker Ocean owners enjoy convenient and efficient charging experiences upon delivery. This strategic alliance aligns with Fisker's commitment to sustainable mobility and innovation in the electric vehicle sector.

ChargePoint (NYSE: CHPT) and Fisker (NYSE: FSR) have formed a partnership to enhance the EV charging experience for Fisker Ocean drivers. The agreement aims to offer seamless access to ChargePoint's extensive network—including over 210,000 active ports and 16,700 DC fast charge ports in North America—making it easier for users to locate and pay for charging. The collaboration emphasizes ChargePoint's commitment to sustainable mobility, having achieved over five billion electric miles driven, avoiding 200 million gallons of gasoline, and 940,000 metric tons of greenhouse gas emissions. This partnership highlights the focus on user convenience and robust charging infrastructure.

Fisker Inc. (NYSE: FSR) has announced a change in the timing for its fourth quarter and full year 2022 financial results. The press release is now set to be made public before the market opens on February 27, 2023. Following this, a conference call will take place at 8:30 a.m. ET (5:30 a.m. PT) to discuss the details. Fisker focuses on creating emotional and sustainable electric vehicles, aspiring to lead in e-mobility with eco-friendly offerings.

For more information, visit Fisker's investor relations website.

Fisker Inc. (NYSE: FSR) will release its fourth quarter and full year 2022 financial results on February 27, 2023, after market close. A conference call with key executives, including CEO Henrik Fisker, will follow at 2 p.m. PT (5 p.m. ET). Shareholders can submit questions through a dedicated Q&A platform until 24 hours before the call. The live webcast and an archive will be available on Fisker’s Investor Relations website. The company aims to lead in the sustainable electric vehicle market with a focus on delivering emotionally desirable vehicles.

On Monday, Fisker Inc. (NYSE: FSR) leaders including CEO Henrik Fisker and CFO/COO Geeta Gupta-Fisker purchased a total of 33,700 shares of the company’s Class A common stock. Additionally, Chief Accounting Officer John Finnucan bought 450.095 shares. Fisker, co-founded in 2016 and publicly traded since October 2020, is focused on developing eco-friendly electric vehicles aimed at becoming the top e-mobility provider globally. This insider buying reflects confidence in the company's sustainable mission.

Fisker Inc. (NYSE: FSR) has issued a cease-and-desist letter to Fuzzy Panda Research in response to false claims regarding its business operations and partnership with Magna. Fisker clarified that it does not have a bank guarantee with Magna and owns the intellectual property for the Fisker Ocean platform. The company aims to take immediate action against the misleading allegations presented by Fuzzy Panda Research. Fisker is committed to developing eco-friendly vehicles and becoming the top e-mobility service provider.