(Reuters) – Fisker mentioned on Friday its electrical automobile deliveries jumped greater than four-fold throughout the closing quarter, serving to it hand over about 4,700 automobiles for the yr.
The rise in quarterly gross sales quantity was primarily pushed by robust demand for the Fisker Ocean SUV, priced at about $69,000, the corporate mentioned.
Fisker began making its first deliveries to U.S. clients in June.
The corporate will announce a plan in January to spice up gross sales and deliveries to align manufacturing capability with robust demand for the Ocean SUV, Fisker mentioned.
Shares of the California-based EV firm have been up greater than 10% in premarket buying and selling. They’ve misplaced about 79% to this point this yr.
Smaller EV corporations are going through dwindling money reserves, pressured by excessive prices associated to manufacturing ramp-ups and value cuts to spice up demand.
Fisker, which has a take care of Magna Worldwide’s Austrian unit to fabricate its automobiles, made 10,142 automobiles in 2023.
The corporate, nevertheless, slashed its annual manufacturing forecast twice prior to now two months because it slowed down manufacturing to satisfy working capital wants.
(Reporting by Akash Sriram in Bengaluru; Modifying by Shweta Agarwal)