In a press release, the company indicated that it had completed the Preliminary Product Specification gateway with help from its affiliate – Magna International Inc. Fisker touts this PPS gateway as a key engineering and purchasing milestone for completion of the Ocean SUV.

As part of this achievement, the company was able to confirm preliminary design specifications as well as key components and subsystems. It also confirms the planned timing for future gateways leading up to the launch of actual production – just over a year from now.

“Today’s announcements demonstrate our team’s ability to set aggressive targets and achieve them on time,” commented Fisker Chairman and Chief Executive Officer, Henrik Fisker.

“Completing these important engineering and purchasing milestones demonstrates how well the Fisker and Magna teams are working together and keeping our rapid, capital-light product development program on-track towards the delivery of the all-electric Fisker Ocean SUV, expected to commence in Q4 2022.”

Under the terms of an agreement reached last month, the Fisker Ocean SUV will initially be manufactured exclusively by Magna in Europe.

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The 2021 Los Angeles Auto Show will run from May 21-31 at the LA Convention Center.

In addition to being the company’s first electric SUV, this launch of the Fisker Ocean represents the company’s first production vehicle. According to Fisker, Ocean will deliver class-leading range and performance, along with functional interior space which includes third-row seating.

“It’s with great excitement that we’re making the global debut of the Fisker Ocean here in our home city of Los Angeles,” said Henrik Fisker, Chairman and CEO of Fisker.

“As befits the world’s first digital car company, we are also planning to showcase several Fisker-unique technologies that will support our differentiated ownership experience and vehicle functionality.”

While Fisker is based in California, the company has developed a partnership in Europe with Magna International. Magna will assemble the Ocean in Europe, with production scheduled to being in the fourth quarter of 2022.

Despite the fact that production has not yet begun, Fisker has already inked a deal for 300 vehicles. These Oceans will be delivered to Viggo, a Danish ride-hailing service.

Viggo, plans to use the Fisker vehicles to build its all-electric fleet. With it the company hopes to set a new standard for urban transportation.

Some see Fisker as a company which could eventually become a rival to Elon Musk’s Tesla Motors. But with production of its first electric vehicle still over a year away, that could take some doing.

To learn more about Fisker and the company’s vision for eco-friendly electric vehicles, visit www.FiskerInc.com.

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