anxiang Qianchao to acquire precision forging company from Wanxian Group Wanxiang Qianchao secures CFIUS approval to acquire A123 Wanxiang America acquires U.S.-based BPI Wanxiang Qianchao, VL Automotive make buyout offer to Fisker Wanxiang Qianchao adds investment in Chongqing subsidiary to expand production Wanxiang to bid for Fisker Hubei Tongda wins Excellent Supplier Award from Dongfeng Motor Commercial Vehicle Wanxiang Qianchao to absorb Z...

Major Suppliers  Updated at: 2025/07/08

017-2023), Z4 (2018-2026 Planning); MINI Countryman (2010-2016), Paceman (2012-2016); JLR E-Pace EV (2017-2024), EV I-Pace (2018-2024), E-Pace PHV (2021-2024), E-Pace MHV (2021-2024) ; Peugeot RCZ (2010-2015), RCZ R (2013-2015); Toyota GR Supra (2019-2026 Planning); Fisker EV Ocean SUV (2022-2024, Production suspended); INEOS Range extender EV Fusilier (planning); Passenger car and SUV assembly plant - Number of Employees: 7,000 (as of August 20...

OEM Plants  Updated at: 2025/05/27

S-6 (2021-2024 planning)/PHV Revero (2024-), PHV Invictus (2025-planning); EV Gyesera sedan (2025-planning), EV Kayeva (2026-planning); Battery assembly (2024-); AYRO Club Car Current (commercial electric vehicle produced under contract with AYRO) (2021-); B-ON eLCV (2024-planning); Karma plant - Production started: 2017 - Investment announced: USD 100 million - Size of plant: 550,000 square feet - In 2014, China's Wanxiang Group acquired the a...

OEM Plants  Updated at: 2025/05/14

ts and improve its position within the sector. In 2024, the Company restructured or consolidated more than 40 of its divisions to increase productivity and reduce costs. The Company also launched 64 Factory of the Future initiatives, resulting in more than 400 implementations across the Company’s production plants to enhance productivity, improve safety, and optimize operations. The Company will continue implementing restructuring and optimizat...

Major Suppliers  Updated at: 2025/04/25

tive opens USD 9 million powertrain lab at Irvine, California headquarters Fisker Automotive has named Tony Posawatz as the new CEO. Mr. Posawatz was formerly the head of the group responsible for development of the "Chevrolet Volt" at GM. He retired from GM in July. Tom LaSorda, the former CEO of Fisker, will become an adviser. In the night of October 29 a fire broke out in Port Newark, NJ, caused by Hurricane Sandy and a number of plug-in hybr...

OEM Plants  Updated at: 2024/08/20

Emerging U.S. EV Makers on the Move Several begin EV sales in 2023, following Rivian, Lucid Motors, and others Summary Rivian’s mass production stands out; many companies continue in the red, operations at risk to end Rivian Automotive: Production of 57,000 units in 2023, up 135% year-over-year; sales surge but business losses continue Lucid Motors: Production increases, but losses also increase; investment expansion with Saudi Arabian capital ...

Market & Tech Reports  Updated at: 2024/04/02

ting noteholder about making an additional investment in the company. Fisker reported preliminary Q4 2023 total revenue was USD 200.1 million, an increase of USD 128.3 million compared to revenue of USD 71.8 million in Q3 2023, and had a net loss for the quarter of USD (463.6) million. Fisker Ocean production was 4,789 units in Q4 2023, and vehicles delivered to customers totaled 3,818.  For full year 2023, 10,193 Fisker Oceans were produced, an...

News  Updated at: 2024/03/02

Fisker, US selects Argus, Israel as cyber security partner for Ocean SUV product line On February 7, Argus Cyber Security announced that it has delivered multiple automotive cyber security products and services to Fisker Inc. (Fisker). The Argus CAN IDPS product has enabled Fisker to achieve type approval certification for its revolutionary Fisker Ocean all-electric SUV product line. Using real-time, rule-based analysis of CAN traffic, Argus CAN ...

News  Updated at: 2024/02/07

er stock has plummeted 85.4% over the past three months. Earlier in January, Fisker recently announced it was abandoning the direct-sales model, in favor of a new dealer-partnership business model.   While the strategy is viewed as a way to increase deliveries, which have consistency lagged behind production for Fisker, it will also require incremental state regulatory approvals where dealerships are located. (multiple sources on January 19, 202...

News  Updated at: 2024/01/20

e in China (Part 2) (Oct. 2023)Charging Infrastructure in China (Part 1) (Oct. 2023)EV Charging Technology and Infrastructure Development in India (Jul. 2023)Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases (Jun. 2023)Tesla: Aiming to become a global volume manufacturer through increased production (Jun. 2023)WCX 2022 (2) Electrification development speed creates concerns in maintaining pace (May. 2022)     According to the US Depart...

Market & Tech Reports  Updated at: 2023/11/16

Foxconn says it will build batteries in Wisconsin and Ohio On March 15, Foxconn executives said the company plans to build batteries in Wisconsin and Ohio, citing the U.S. Inflation Reduction Act that spurs demand for local production."We will build capacity for battery cells and battery packages for energy storage systems in Wisconsin, while we will also build capacity for battery packages for whole cars in our Ohio facility," Foxconn Chairman Y...

News  Updated at: 2023/03/18

Emerging U.S. EV Makers on the Move Lucid, Nikola, Lordstown, and others began full-scale production after Rivian Summary Each company draws up its own product and market strategy, but many report delays in their launch plans Rivian Automotive: Achieved production and sales of over 20,000 units of three commercial vehicle models (in 2022), but business losses increased Lucid Motors: Over 7,000 units produced in 2022; plant to be built in Saudi Ar...

Market & Tech Reports  Updated at: 2023/02/08

Fisker to debut top-spec Ocean Extreme at Paris Auto Show On September 26, Fisker Inc. announced it will display a top-spec version of its upcoming Ocean full-electric crossover at the 2022 Paris Auto Show from October 17-23.The Ocean Extreme to be shown in Paris will be the most expensive of the three mainstream production trim levels offered by Fisker, and will cost from EUR 69,950 in France.The Ultra will be the next model, followed by the le...

News  Updated at: 2022/10/01

several significant schemes to promote electric mobility in India. The Government's focus is on the environment, pollution control, and the promotion of new technologies in India. It also drafted the vehicle scrappage policy to reduce polluting internal combustion engine vehicles in the country.   Production Linked Incentives (PLI) Schemes   The Government introduced the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Compo...

Market & Tech Reports  Updated at: 2022/07/12

Fisker announces UK debut of Ocean electric SUV at Goodwood Festival of Speed On June 15, Fisker Inc. announced that it will bring the Fisker Ocean all-electric SUV to the 2022 Goodwood Festival of Speed Electric Avenue from June 23-26, 2022, for its United Kingdom debut. The five-passenger Fisker Ocean Sport features a range of 250 miles. Fisker is on track to start Fisker Ocean production in November at a carbon-neutral factory in Austria. The ...

News  Updated at: 2022/06/15

U.S. Emerging EV Automakers: Rivian goes to volume production following Tesla Vehicle deliveries to begin in 2022 with increased competition as OEMs accelerate EV launches Summary Differentiation through unique strategies, plans to expand production scale and product lineups Rivian Automotive began production and delivery of pickups and SUVs in 2021 Lucid Motors: Lucid Motors, Inc. launched a luxury EV sedan in October 2021. Plans to add SUVs Lor...

Market & Tech Reports  Updated at: 2022/02/21

lly launch L2 systems in 2022, where the high-end versions will use HD maps from TomTom which may show high-performance L2 system with better user experience. VSI believes that Toyota Teammate and Nissan ProPilot 2 may expand to US and EU (beyond their home country Japan) in 2022.   GM will resume production of Enhanced Super Cruise, but VSI expects unit volume size may still be limited this year, although Mary Barra said in her keynote that Sup...

Market & Tech Reports  Updated at: 2022/01/28

CES 2020 with the Vision-S 02 SUV concept, and announced its intent to enter the electric vehicle market. Fisker showcased the Fisker Ocean electric SUV, highlighting its market-first Digital Radar system. Togg, a Turkish startup, made its public exhibition debut at CES 2022, announcing its future production plans while showing a fastback electric vehicle concept designed by Pininfarina.   This report is the first of multiple reports focusing o...

Market & Tech Reports  Updated at: 2022/01/26

CASE Trends by NVIDIA, Mobileye, and others (Aug. 2021)CES 2021 Round-up: Industry Leaders Still Stood Out at Digital CES (Feb. 2021)   This report is for customer members only. 5 pages remaining.Read more at no cost for a limited time by registering for a free trial.   In 2020, the total global production and sales of internal combustion engine (ICE) vehicles decreased by about 15% from the previous year. This includes the impact of the econo...

Market & Tech Reports  Updated at: 2021/11/30

2024. The most affordable version will be priced at US$55,000, but incentives could be higher by the time it reaches the market, depending on Congressional approval. Also noteworthy is the fact that automakers are beginning to market EVs as eco-friendly and not simply as technologically innovative. Fisker, for instance, has already revealed many key aspects of the Ocean, but has now confirmed that the SUV will use recycled fishing nets in its con...

News  Updated at: 2021/11/24