Fisker in Talks with Nissan for Potential $400M Investment to Bolster EV Production
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Fisker Inc. is in talks with Nissan about a potential partnership and investment of up to $400 million. This comes as Fisker faces liquidity challenges.
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The potential Nissan deal could involve collaboration on Fisker's truck platform and building a pickup truck starting in 2026 at a Nissan U.S. plant.
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Fisker stock plunged as much as 48% due to weaker-than-expected earnings results and liquidity concerns before recovering on news of the Nissan talks.
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Fisker said its current capital may not sustain it for the next 12 months without additional funds. It reported $325.5 million in cash at the end of 2022.
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Fisker delivered only 4,929 EVs in 2022, shy of its goal. It projects deliveries of 20,000-22,000 vehicles in 2023 amid slowing EV market growth.