Posted 3/1/2024, 8:55:00 PM
Nissan in Talks to Invest $400M in Fisker to Partner on Electric Pickups
- Nissan is in talks to invest $400M in struggling EV startup Fisker and partner on electric pickups
- The deal could give Nissan access to Fisker's Alaska electric pickup platform to build its own trucks
- Fisker lost $400M in 2022 and is at risk of running out of cash within a year without new investment
- A deal with Nissan could provide a "financial lifeline" for Fisker and help accelerate Nissan's EV plans
- Fisker took big convertible notes to raise cash, which could hugely dilute shares when converted to stock