Fisker Announced 1,022 Ocean SUVs Were Produced In Austria For Customers As Well As Marketing And Engineering Purposes In Q2
Portfolio Pulse from Charles Gross
Fisker Inc. (NYSE:FSR) announced its Q2 2023 vehicle production volume, with 1,022 Fisker Ocean SUVs produced in Austria for customers and other purposes. The company faced challenges from suppliers not receiving components on time, but still exceeded its targeted assembly rate of 80 units per day by the end of June. Fisker is investing in additional battery pack capacity to support higher volumes next year. The company will report its Q2 2023 financial results on August 4, 2023.
July 07, 2023 | 10:59 am
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Fisker Inc. exceeded its targeted assembly rate in Q2 2023 despite supplier challenges, and is investing in additional battery pack capacity for higher production volumes next year.
The news indicates that Fisker is able to maintain and even exceed its production targets despite supply chain challenges, which is a positive sign for investors. The company's investment in additional battery pack capacity also suggests that it anticipates strong demand for its vehicles in the future, which could drive its stock price up in the short term.
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