August 17, 2022


Business Activity

Fisker Inc. to Establish Specialty Engineering Division in United Kingdom; David King to Run New Operation

LOS ANGELES–(Small business WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the world’s most sustainable electric powered cars and advanced mobility remedies – these days declared the establishment of The Fisker Magic Works, its United kingdom-primarily based specialty car engineering and development division. This recently made operation will focus on lower-quantity, speedy-improvement vehicle courses and specialised versions of the Fisker portfolio. The Fisker Magic Is effective will instill futuristic layout, technology and innovation into high-profile products supporting the mainstream business.

Fisker also verified it is selecting revered business veteran David King as senior vice president of engineering to direct this new United kingdom-dependent operation. Most recently, David served as vice president and main distinctive operations officer at Aston Martin Lagonda.

“We are on entire speed to produce four distinctive vehicle lines by 2025, driving innovation ahead and pushing radical new thoughts into the global automobile industry,” states Fisker CEO and Chairman, Henrik Fisker. “The Fisker Magic Is effective presents us with an prospect to create sustainable and great autos outside the confines of proven industry segments. Bringing on David King even further strengthens our engineering and creative expertise, and I have previously assigned him two remarkable assignments which will showcase our ability in very specialized supplies and systems designed specially for the eco-acutely aware automotive fanatic.”

In addition to this new dedication to the United kingdom, earlier this year, Fisker confirmed London would be the spot for the company’s to start with British isles manufacturer working experience center. The Fisker Ocean is on goal for a Nov. 17, 2022 commence of creation, with deliveries to the Uk commencing through 2023.

“This is an amazingly interesting opportunity to create a new engineering heart focused to bringing amazing tips to life,” reported David King. “Having used my job doing the job on motor vehicles with large displacement gasoline engines, I am relishing functioning with the layout and engineering flexibility that electrification provides.”

David delivers more than 30 years of automobile engineering and solution advancement leadership encounter, mostly at Aston Martin, which includes serving as president of Aston Martin Racing. His achievements incorporate the DB7 V12 Vantage and cleanse-sheet platform advancement resulting in the DB9 and Vantage. David’s perform on numerous joint-OEM, swift development platform-sharing initiatives with Ford, Jaguar and Daimler is specifically appropriate to Fisker’s asset-mild, compressed timeline philosophy.

Most a short while ago, David productively led a staff of somewhere around 100 engineers to launch a series of specialty automobiles and build the ‘Q by Aston Martin’ bespoke and customization services.

About Fisker Inc.

California-centered Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally fascinating and eco-friendly electric motor vehicles on Earth. Passionately driven by a vision of a clear long run for all, the organization is on a mission to grow to be the No. 1 e-mobility assistance company with the world’s most sustainable autos. To study extra, stop by – and get pleasure from exclusive written content across Fisker’s social media channels: Fb, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker cellular application from the App Retailer or Google Perform retail outlet.

Ahead-On the lookout Statements

This push release incorporates forward-looking statements, which are topic to the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These statements may perhaps be discovered by text this sort of as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the adverse of this sort of conditions, or other comparable terminology and consist of, amongst other matters, the quotation of our Chief Government Officer, the timing of the get started of production of the Ocean, and statements concerning the Company’s method and other long run events that involve risks and uncertainties. Such ahead-wanting statements are not guarantees of long run functionality and are subject to challenges and uncertainties, which could cause real results to vary materially from the forward-hunting statements contained herein due to a lot of components, which includes, but not constrained to: Fisker’s constrained operating historical past Fisker’s capacity to enter into further production and other contracts with Magna, or other OEMs or tier-1 suppliers in purchase to execute on its business prepare the chance that OEM and source associates do not meet agreed upon timelines or knowledge ability constraints Fisker could experience substantial delays in the design, manufacture, regulatory approval, launch and funding of its motor vehicles Fisker’s capacity to execute its organization model, including industry acceptance of its prepared goods and products and services Fisker’s inability to keep critical personnel and to use additional staff competitors in the electric powered motor vehicle marketplace Fisker’s incapacity to build a gross sales distribution community and the ability to secure its intellectual house legal rights and individuals variables discussed in Fisker’s Yearly Report on Type 10-K, as amended, beneath the heading “Risk Aspects,” filed with the Securities and Trade Fee (the “SEC”), as supplemented by Quarterly Stories on Sort 10-Q, and other stories and documents Fisker data files from time to time with the SEC. Any ahead-seeking statements communicate only as of the date on which they are manufactured, and Fisker undertakes no obligation to update any forward-on the lookout assertion to reflect functions or situation immediately after the date of this push launch.