Based on reports from Reuters and Bloomberg, Nissan plans to invest approximately US$400 million (Note: currently approximately 2.884 billion RMB) in Fisker, a new U.S. automaker with insufficient liquidity, in exchange for Electric pickup truck platform authorization.
According to the financial report released at the end of February, Fisker’s total revenue for the full year of 2023 was US$273.9 million, and a total of 10,193 Ocean models were produced. The performance was lower than market expectations.
Fisker said its existing cash and equivalents of $325.5 million (currently about 2.347 billion RMB) are not enough to sustain operations in the next 12 months and plans to cut 15% of its workforce.
Fisker CEO Henrik Fisker said the company is in talks with another automaker for a capital injection. According to Reuters, the negotiator is Nissan. The two parties have had in-depth discussions on cooperation and are expected to reach a formal agreement within the month.
Reuters said Nissan plans to invest more than $400 million in Fisker’s electric pickup platform and will produce the Alaska electric pickup truck for Fisker at Nissan’s U.S. factory in the future. In exchange, Nissan will license the platform to build its own electric pickup truck.
▲ Fisker Alaska model
As an industry pioneer, Nissan launched the world’s first mass-produced pure electric model, the LEAF, in 2010. However, in recent years, as more players have joined, Nissan has faced difficulties in the field of electric vehicles. Reuters believes that the cooperation with Fisker will help Nissan enter the booming electric pickup truck market in the United States.
Nissan gained greater autonomy after reducing its cross-shareholding with Renault in 2023, sources familiar with the company said. The talks with Fisker are seen as part of Nissan’s plan to “pursue opportunities” in the field of electric vehicles.
