Fisker CEO Says Magna Partnership to Deliver on Volume, Pricing

Henrik Fisker discusses Fisker's partnership with Magna to produce a competitive electric SUV. The company focuses on the EV market, leveraging its lack of legacy burdens to compete with established carmakers. Fisker aims to offer a cost-effective vehicle by sharing platforms with other OEMs, ensuring volume pricing for battery packs. The choice of Magna's platform is strategic, offering advantages like a large battery pack and aluminum construction. Fisker emphasizes sustainability, aiming to produce the world's most sustainable vehicle with recyclable materials.

What is one of the main reasons the company believes it is ahead in the electric vehicle market?

• They have the most expensive vehicles.

• They focus solely on electric vehicles.

• They have a legacy of gasoline vehicles.

• They have the largest production capacity.

Why is securing battery packs crucial for reducing EV prices?

• They are the most expensive part of the vehicle.

• They are the heaviest component.

• They are the easiest to manufacture.

• They determine the vehicle's color.

How does the company plan to achieve competitive pricing for their vehicles?

• By using the most expensive materials.

• By sharing the platform with other OEMs.

• By reducing the number of vehicles produced.

• By increasing the vehicle's weight.

What was a key factor in choosing the Magna platform over VW's MEB platform?

• VW's platform had more seats.

• VW's platform was cheaper.

• Magna's platform allows for a larger battery pack.

• Magna's platform is made of steel.

What is the company's target price for their electric vehicle in the US?

• $50,000

• $45,000

• $37,500

• $30,000

What is a significant advantage of partnering with Magna for production?

• Magna has no experience with electric vehicles.

• Magna is a new company.

• Magna can ramp up production quickly.

• Magna offers the cheapest labor.

What is the company's ultimate goal for their electric vehicle?

• To have the most luxurious interior.

• To be the smallest vehicle.

• To be the fastest vehicle.

• To be the most sustainable vehicle.