G-Wagon Manufacturer, Magna Steyr, Starts Production Of All-electric Fisker Ocean SUV

Mercedes-Benz G-Wagon and BMW Z4 manufacturer, Magna Steyr, Starts Production of all-electric Fisker Ocean SUV. 

Fisker’s production ramp will see over 300 units manufactured in Q1 2023, with a rapid increase to over 8,000 units in Q2.

More than 15,000 units will follow in Q3. A total of 42,000 Ocean SUVs is expected to have been made by the end of Q4 2023.

Austria-based automobile manufacturer, Magna Steyr AG & Co KG, has commenced the production of Fisker Ocean all-electric SUVs on November 17th at its carbon-neutral factory in Graz.

The Fisker Ocean is currently being produced at the same plant that manufactures vehicles like the boxy Mercedes-Benz G-Class SUV (G-Wagon), BMW Z4, Toyota Supra, and Jaguar I-Pace.

So far, Fisker has more than 63,000 reservation holders. The company expects Magna Steyr to make 300 units in Q1 2023, with a rapid increase to over 8,000 units in Q2. This will be followed by more than 15,000 in the Q3, and a total of 42,000 cars by the end of Q4 2023.

“It’s an emotional day as we start production of the world’s most sustainable vehicle in record time – on time – in the carbon-neutral factory in Graz,” Fisker Chairman and CEO Henrik Fisker said.

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“We’ve challenged the old model of longer development timelines, reflecting our team’s agility and dedication to creating emotionally desirable vehicles with the newest, most unique experiences in our price range.

“We have the highest quality at launch, aligned with our commitment to leading the industry in sustainability. More than 63,000 customers worldwide share our enthusiasm. It’s a day for our team and fans to celebrate!”

About Fisker Ocean SUV

The top trim Fisker Ocean Extreme, which starts at $68,999, travels 350 miles on a single charge. Inside, it has 17.1″ rotating screen featuring gaming in HMI, SolarSky roof and many first-to-market safety features, including the world’s first digital radar.

In July 2022, the Fisker Ocean ONE, limited to 5,000 vehicles, sold out in 30 days, each secured by a $5,000 deposit representing $350 million in potential revenue for Fisker once
all the vehicles are delivered.

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