Fisker mulls cell manufacturing in Europe, U.S.

Fisker's CEO said on Thursday that the electric vehicle startup is considering setting up a battery cell manufacturing facility with an unidentified major supplier in Europe or the United States to secure stable supplies of the key component.

Fisker struggled with the recall of batteries made by its previous supplier, A123, which later filed for bankruptcy.

"We did not want to take any risk on batteries," Henrik Fisker, chairman and CEO of Fisker, told Reuters. He said the company will use prismatic cells from one of the world's four largest suppliers.

China's Contemporary Amperex Technology Co. Limited (CATL) supplies prismatic cells to Fisker rival Tesla.

Samsung SDI makes prismatic cells for BMWs.

Fisker, which is yet to produce saleable vehicles, has been partnering with companies for manufacturing its electric cars to speed up vehicle development and production.