Nissan in Advanced Talks to Invest in Electric Vehicle Maker Fisker

Nissan is reportedly in advanced negotiations to invest in electric vehicle manufacturer Fisker, with the deal potentially granting Nissan access to Fisker’s electric pickup truck platform.

Sources familiar with the negotiations suggest the deal could be finalized this month. It involves Nissan investing over $400 million in Fisker’s truck platform and manufacturing the planned Alaska pickup at one of its U.S. assembly plants.

Financial Lifeline for Struggling Startup:

For Fisker, the deal could provide a much-needed financial lifeline as the company faces financial challenges, including workforce reductions and uncertainty about its future.

Nissan’s interest in Fisker aligns with its expansion strategy into the growing U.S. electric pickup market. It signifies a shift towards independent growth plans in EVs and software following the restructuring of its alliance with Renault.

Also Read: General Motors Recalls 820,000 Pickup Trucks Over Tailgate Safety

Fisker’s Struggles and Search for Partnerships:

Fisker has faced difficulties selling its Ocean electric SUV and seeks partnerships to secure additional production capacity and ensure its survival in the competitive EV market.

Any potential deal between Fisker and Nissan would involve joint development of EV platforms and manufacturing in North America, aiming to compete in the electric pickup truck segment against established players like Ford, GM, Rivian, and Tesla.

Strategic Caution by Fisker:

Fisker’s CEO, Henrik Fisker, emphasizes a cautious approach, stating that the company will refrain from additional projects until a strategic partnership is finalized.