Fisker Inc. intends to assemble vehicles in China as early as next year to gain a foothold in the world’s largest electric vehicle market.
The EV maker plans to open a delivery center in China later this year and start sales of its first product, the Ocean full electric crossover, in the first quarter of 2024, the Los Angeles-based EV startup said this month.
“After beginning deliveries in Europe and with first vehicles coming to our U.S. customers on June 23, we are excited to move into the Chinese market later this year,” Chairman and CEO Henrik Fisker said in a statement.
In a recent visit to China Fisker’s leadership team held talks with officials and business leaders in Shanghai about supply chains, logistics, warehousing and future product development.
“I believe we can get production up and running in China as early as next year, potentially adding capacity of 70,000 Fisker Oceans annually,” Henrik Fisker noted.
The company didn’t specify where it plans to build vehicles in China.