Fisker has a cooperation agreement with Magna Steyr Fahrzeugtechnik AG & Co KG for manufacturing engineering, component sourcing, and production of the Fisker Ocean. Magna Steyr serves as a contract manufacturer, supporting Fisker's time to market, quality management, and access to a global supply chain. Previously, Fisker had a Non-Exclusive Car Platform Sharing Agreement with a Magna subsidiary but has since developed its own FM29 electric vehicle platform. Fisker utilizes existing manufacturing facilities and trained workforces through contract manufacturers such as Magna Steyr to achieve production and quality objectives while maintaining an asset-light strategy. The contract manufacturing agreement with Magna Steyr, executed on June 12, 2021, aligns with Fisker's environmental, social, and governance (ESG) goals by lowering upfront costs and reducing carbon footprint. Collaborating with established manufacturers like Magna Steyr also provides Fisker with connectivity to mature automotive supply chains and integrated business systems.
Fisker Inc's Comment on Supply Chain
Fisker has a cooperation agreement with Magna Steyr Fahrzeugtechnik AG & Co KG for manufacturing engineering, component sourcing, and production of the Fisker Ocean. Magna Steyr serves as a contract manufacturer, supporting Fisker's time to market, quality management, and access to a global supply chain. Previously, Fisker had a Non-Exclusive Car Platform Sharing Agreement with a Magna subsidiary but has since developed its own FM29 electric vehicle platform. Fisker utilizes existing manufacturing facilities and trained workforces through contract manufacturers such as Magna Steyr to achieve production and quality objectives while maintaining an asset-light strategy. The contract manufacturing agreement with Magna Steyr, executed on June 12, 2021, aligns with Fisker's environmental, social, and governance (ESG) goals by lowering upfront costs and reducing carbon footprint. Collaborating with established manufacturers like Magna Steyr also provides Fisker with connectivity to mature automotive supply chains and integrated business systems.
Sources:
Fisker Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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