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Fisker has said it expected to increase production of its Ocean sports utility vehicle to about 300 units a day in the fourth quarter from around 180 units.

Canadian parts supplier Magna International’s contract assembler unit Magna Steyr produces its EVs for Europe and North America.

Vehicle deliveries are expected to accelerate in North America in September, CEO Henrik Fisker told Reuters.

As of 4 September, Magna had manufactured 3,123 vehicles with just under 3,000 handed over to Fisker, the company said, adding that 450 Oceans in the US have been either delivered to customers or are in the process of being delivered.

Last month, Fisker cut its annual production target due to supply chain issues. That overshadowed a smaller than expected quarterly loss and its first revenue from deliveries of electric sport utility vehicles, Reuters noted.

Even as suppliers recovered from a “COVID hangover” to keep pace with Fisker’s production ramp up, one key supplier of a complicated part which needs specific skilled labour, was taking longer than expected, the company had said.

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By GlobalData

Fisker misses Q2 output target