Fisker to ramp up Ocean production in Q4, can it hit its already revised annual guidance?
Fisker Inc. has shared intentions to increase US deliveries of its flagship Ocean SUV while simultaneously ramping up overseas production to 300 units per day. While the scaling is encouraging news, can the American automaker still hit its 2023 production guidance after lowering its target once already?
Fisker Inc. is a mere two months away from the first anniversary of commencing production of its Ocean EV in Austria with contract manufacturer Magna Steyr. Since then, production has slowly but surely ramped up but is still nowhere near the pace the American automaker had originally hoped.
When Fisker shared its production guidance in Q3 of 2022, we said it was ambitious, but having a manufacturing juggernaut like Magna in its corner left more room for optimism than usual. The original guidance was to produce 42,400 units by the end of 2023 at the following pace:
- Q1 2023: 300+ units
- Q2: 8,000+ units
- Q3: 15,000+ units
- Q4: Remainder to reach 42,400 unit goal
By the end of Q1 2023, Fisker had only produced 55 Ocean EVs, delivering merely two of them. As a result, Fisker lowered its Q2 target from 8,000 units to between 1,400 and 1,700 and lowered its annual guidance to the ballpark of 32,000 to 36,000 EVs built. By Q2, Fisker’s numbers had jumped significantly (1,022 units produced), but still well short of the 1,400 target and not even in the same area code as the original mark.
Following its Q2 report, reality started to set in as Fisker once again lowered its annual production guidance to 20,000 to 23,000 Ocean SUVs. Today, Fisker says it will further ramp production in Austria but will really need to get cooking to hit its once- twice-revised annual target.
Fisker looks to enter production sprint in Q4
According to Fisker Inc., it is aiming to increase its production output with Magna Steyr from 180 units per day to approximately 300 in Q4. As of September 4, Fisker had built 3,123 Ocean EVs for customers – that’s progress, by contrast to the start of the year, but a huge miss compared to its original output goals laid out last year.
Fisker says over 450 Ocean EVs have been or are on their way to be delivered to US customers, and another 1,500 vehicles are anticipated to arrive by ship to the States this weekend. Chairman and CEO Henrik Fisker spoke:
Rest assured what we are pushing out logistic providers and teams to get Fisker vehicles in the hands of our exceptional customers. Our early customers have been with us as pioneers, giving us valuable feedback to make our car even better. I will never forget the commitment that these customers have shown. The result for their feedback is now showing up in our vehicles!
Generally speaking, amendments to vehicles based on driver feedback usually take place before customer deliveries begin, but this is a young company trying to move quickly – and the growing pains are discernible. Luckily, EVs are more easily fixed via OTA updates.
Looking ahead, Fisker anticipates receiving all 5,000 of the planned Ocean One launch editions from Magna by the end of the month, with customer deliveries stretching into September. If Fisker and Magna are indeed able to ramp up production to 300 units per day, it could potentially build 21,000 Ocean EVs with weekends off – and much more than that if Magna’s crews are assembling seven days a week.
That would get Fisker through its eraser-marked production guidance for the fiscal year. All eyes will be on the company’s Q3 report before we enter the home stretch here in 2023.
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Tesla is being forced to remove 64 Superchargers at stations along the New Jersey Turnpike as the local authorities have decided to go with another provider.
Elon Musk claimed corruption without any evidence.
The New Jersey Turnpike is a system of controlled-access toll roads that consists of a 100-mile section of important New Jersey highways.
In 2020, Tesla signed an agreement with the New Jersey Turnpike Authority (NJTA)and built 64 Supercharger stalls at 8 stations along the turnpike.
The agreement has now expired, and instead of renewing it, the authority decided to give an exclusive agreement to Applegreen, which already operates in all service areas on the turnpike.
Tesla issued a statement saying that it is disappointed with the situation, but that it has prepared for this by building new stations off the turnpike for the last few years:
The New Jersey Turnpike Authority (“NJTA”) has chosen a sole third-party charging provider to serve the New Jersey Turnpike and is not allowing us to co-locate. As a result, NJTA requested 64 existing Supercharger stalls on the New Jersey Turnpike to not be renewed and be decommissioned. We have been preparing for 3 years for this potential outcome by building 116 stalls off the New Jersey Turnpike, ensuring no interruption for our customers. The map below outlines the existing replacement Superchargers, and Trip Planner will adjust automatically.
Tesla CEO Elon Musk went a step further and called it “corruption” without any evidence.
The automaker’s agreement with NJTA expired, and they decided to go with a sole provider. Applegreen will reportedly deploy chargers at all 21 turnpike service stops.
Here are Tesla’s replacement Superchargers off the turnpike:
Electrek’s Take
I don’t like the decision from the Turnpike authorities. More chargers are better than fewer chargers. However, I also don’t like Musk calling everything he doesn’t like fraud or corruption.
While I agree with Tesla that it is unreasonable to force them to remove the stations, it appears to be an oversight on Tesla’s part not to have included stipulations in their agreement to prevent such a scenario from happening in the first place.
Who signs a deal to deploy millions of dollars worth of charging equipment with only the right to operate them there for 5 years?
It looks like Tesla knew this was coming since it specifically built several new Supercharger stations off the turnpike to prepare for this.
On the other hand, I don’t like the Turnpike Authority using the term “universal charger” as if this is a positive for Applegreen. They are going to use CCS, and everyone is moving to NACS in North America.
Yes, for a while, only Tesla owners will have to use adapters, but that will soon change and the current NACS Supercharger will be even more useful.
At the end of the day, the stations are already there. Let them operate them.
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![E-quipment highlight: ZQUIP heavy equipment battery swap demo [video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/06/case_zquip_MAIN.png?resize=1200,628&quality=82&strip=all&ssl=1)
ZQUIP is working hard to bring more smart, efficient, modular power solutions to commercial job sites everywhere – and at the core of their vision for the future is battery-swap technology. You can see just how easy it is make that happen here.
MOOG Construction’s energy skunkworks ZQUIP made headlines last year by bringing the cordless power tool battery model to the world of industrial-grade heavy equipment.
“The 700V ZQUIP Energy Modules are at the core of this innovation, said Chris LaFleur, managing director for QUIP. “ZQUIP modules are interchangeable across any machine we convert regardless of size, type, or manufacturer, and will enable a level of serviceability, runtime, and value that is far greater than current battery solutions.”
At this year’s bauma equipment show in Munich, Germany, however, ZQUIP followed up that headline by making it even easier for job sites to make every kilowatt count by enabling them to switch from diesel power, to electric, and back again, on the same machine, on the job site.
Why you want that
Most machines on most sites sit idle most of the time, but converting all those machines to battery electric power means that megawatts of battery capacity are being wasted. By utilizing swappable batteries, job sites can do what technicians and contractors have been doing for years with power tools: quickly get the energy they need to the tool they need when they need it, without the need to have a dedicated battery for every tool.
If you need to be able to run the machine non-stop and don’t have a reliable way to recharge your batteries quickly enough, a 140 kW diesel generator is built into a package the same size and shape as the batteries. In fact, if you look closely at the CASE excavator below (on the right), the “battery” on the right is, in fact, a diesel Energy Module.
The demo video, below, shows a pair of CASE-based electric excavators – one wheeled, one tracked – operating on ZQUIP’s Energy Modules. It takes less than two minutes to remove one battery, and presumably about the same time to swap another one in, for a 5 (ish) minute swap.
Even if you call it ten, by eliminating the need to get the entire machine up and out for charging (or for service, if there’s an issue with the battery/controllers), the ZQUIP battery swap construction equipment solution seems like a good one.
ZQUIP HDEV battery swap
SOURCE | IMAGES: ZQUIP.
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Environment
Trump administration is convinced massive Alaska energy project will find investors despite steep cost
The Trump administration is confident that a massive liquified natural gas project in Alaska will find investors despite its enormous cost.
President Donald Trump has pushed Alaska LNG as a national priority since taking office. Alaska has already spent years trying to build an 800-mile pipeline from the North Slope above the Arctic Circle south to the Cook Inlet, where the gas would be cooled and shipped to U.S. allies in Asia.
But Alaska LNG has never gotten off the ground due to a stratospheric price tag of more than $40 billion. Trump has pushed Japan and South Korea in particular to invest in the project, threatening them with higher tariffs if they don’t offer trade deals that suit him.
“If you get the commercial offtakers for the gas, financing is pretty straightforward,” Energy Secretary Chris Wright told CNBC’s Brian Sullivan in Prudhoe Bay, Alaska. “There [are] countries around the world looking to shrink their trade deficit with the United States, and of course, a very easy way to do that is to buy more American energy,” Wright said.
Energy analysts, however, are skeptical of the project. Alaska LNG “doesn’t have a clear cut commercial logic,” Alex Munton, director of global gas and LNG research at Rapidan Energy, told CNBC in April.
“If it did, it would have had a lot more support than it has thus far, and this project has been on the planning board for literally decades,” Munton said.
Defense Department support
Wright said the project would be built in stages and initially serve domestic demand in Alaska, which faces declining natural gas supplies in the Cook Inlet. Interior Secretary Doug Burgum said the Department of Defense is ready to support the project with its resources.
“They’re ready to sign on to take an offtake agreement from this pipeline to get gas to our super strategic, important bases across Alaska,” Burgum said of the Pentagon in a CNBC interview at Prudhoe Bay.
Alaska LNG, if completed, would deliver U.S. natural gas to Japan in about eight days, compared to about 24 days for U.S. Gulf Coast exports that pass through the congested Panama Canal, Burgum said. It would also avoid contested waters in the South China Sea that LNG exports from the Middle East pass through, the interior secretary said.
Wright said potential Asian investors have questions about the timeline and logistics of Alaska LNG. The pipeline could start delivering LNG to southern Alaska in 2028 or 2029, with exports to Asia beginning sometime in the early 2030s, Wright said.
Glenfarne Group, the project’s lead developer, told CNBC in April that a final investment decision is expected in the next six to 12 months on the leg of a proposed pipeline that runs from the North Slope to Anchorage. Glenfarne is a privately-held developer, owner and operator of energy infrastructure based in New York City and Houston.
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