Fisker is seeing a "sort of end" to its supply chain crisis, CEO Henrik Fisker said, mitigating some concerns for automakers grappling with a yearlong shortage of semiconductors and other components that crimped production.
Fisker told a Deutsche Bank auto conference on Tuesday that the company had faced supply chain issues when it was testing and developing its Ocean SUV but made design changes to certain parts to use chips that were more widely available.
Prices of batteries, which have surged this year on the back of red-hot demand for EVs and disruptions caused by Russia's invasion of Ukraine, will likely fall next year, he said, adding the automaker would not increase prices for at least its first 40,000 reservations.
Fisker said last week it had surpassed the 50,000-reservation mark for its Ocean SUV and its Pear compact car had received over 3,200 pre-orders.
The CEO also said he was not worried about scaling up production when it starts in November as the company had reached out to suppliers to ensure the volumes needed.
The automaker's Ocean SUV will be manufactured by Magna Steyr in Austria, while the Pear will be made by Foxconn at its newly acquired plant in Lordstown, Ohio.
