Monday December 4, 2023

Fisker’s Electric Ambition

  • Electric car startup Fisker will partner with Apple iPhone assembler Foxconn in a manufacturing deal.
  • In July, Fisker committed to participate in the Extreme E off-road race series.
Photo: Extreme E/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

Fisker’s cars aren’t on the road yet, but the company is already getting good mileage out of its latest partnership. Longtime iPhone assembler Foxconn signed up to produce 250,000 Fisker vehicles annually.

The electric car company, which outsources its manufacturing, focusing instead on software and design, already has a maker for its first model, the Fisker Ocean. Foxconn will build its second model, believed to be a larger vehicle, starting in Q4 2023.

Fisker, which went public via a SPAC merger in October, saw its shares jump 18% after the partnership was announced. Electric auto tech also lies at the heart of Fisker’s efforts in racing.

In July, Fisker committed to participate in the Extreme E off-road race series, in which custom-made electric off-road vehicles will race in remote locations, while filmed by drones.

Races in Saudi Arabia, Senegal, Greenland, and Brazil are slated for later this year. Seven-time Formula 1 champion Lewis Hamilton formed a race team–X44–to compete in the series.

Apple is long rumored to be working on an electric, autonomous vehicle. Foxconn’s expansion from iPhones to auto manufacturing with Fisker would make it a natural fit, should those Apple rumors come to fruition.

Copy Link
Link Copied
Link Copied

What to Read


Would Disney's ESPN Walk Away From The NBA?

Will financial pressures impact the company's decision with a longtime partner?
Inter Miami CF forward Lionel Messi smiles as he walks on the field against the New York Red Bulls during the second half at Red Bull Arena.

The Results of Messi Mania Are In

A million people per match tuned in for Messi and Inter Miami.
Jimmy Pitaro of ESPN

Disney Explores Equity Deal With NFL and NBA for ESPN Amid Financial Challenges

With company under pressure from Wall Street, talks are heating up to sell a stake in ESPN.

MLS Playoffs Format Facing Criticism From Fans, Players

This year, first-round matches are being played across three-game series.
podcast thumbnail mobile
Front Office Sports Today

CFP Selection Turns Heads with Controversial Selection


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
PFL Bellator

PFL Completes Acquisition of Bellator, Readies to Challenge UFC

“Today, the MMA market changed,” PFL Founder Donn Davis said.
CAA logo on side on building
November 13, 2023

CAA Forms Sports-Focused Investment Bank In Continued Expansion Push

Powerhouse agency looks to further expand dealmaking capabilities
November 14, 2023

German Soccer Pushing $1.1B Rights Deal To Private Equity Investors

Governing body mounting third attempt for outside investment

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Mercedes-AMG Petronas driver George Russell drives on the track during the Formula One Las Vegas Grand Prix Launch Party at Las Vegas Strip.
November 10, 2023

Ticket, Hotel Prices Plummet As Las Vegas GP Nears

Lack of competitive drama for F1 event fuels market crash
November 9, 2023

McMahon Selling $713M In TKO Stock, CEO Emanuel Could Be A Buyer

Bombshell announcement to bring big changes to company's ownership structure
San Diego Padres shortstop Xander Bogaerts wears the ALS Lou Gehrig Day and Motorola patches during a game against the Chicago Cubs at Petco Park.
November 8, 2023

Major U.S. Sports Leagues Pull In Record $6.7B in Ad Revenue

Major U.S. sports leagues and teams saw big increases in ad revenues.
November 8, 2023

Sports A Bright Spot For Endeavor Amid Ongoing Turbulence

Majority interest in TKO, PBR fuel notable gains for company