Brand had originally penned first deliveries of "£28,000" car for the end of 2025
US electric start-up Fisker has put development of its affordable compact EV the Pear on hold amid talks with an unnamed car maker to invest in the cash-strapped company. Fisker started rolling out deliveries of its Fisker Ocean electric midsize SUV late last year but has struggled with cashflow amid a wider cooling off of investor confidence in pre-profit EV companies.
The company is focusing its remaining cash reserves on ramping up production of the Ocean, which is being built by contract manufacturer Magna in Austria, as well as rolling out further software updates for the car, Fisker said. “We are not planning to start external expenditure on our next projects until or we have a strategic OEM partnership in place,” Henrik Fisker said.
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