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Fisker reportedly missed its production target for the second quarter due to shortage of components, according to a Reuters report citing a regulatory filing.

The company produced 1,022 units of its Ocean SUV in the quarter ended 30 June, lower than 1,400-1,700 vehicles it had projected.

“A few suppliers had challenges ramping to the targeted Q2 levels, as they did not receive components from sub-suppliers in a timely manner,” Fisker said in an exchange filing, adding that it expected to produce over 1,400 vehicles in early July.

Vehicles are built under contract by Magna Steyr in Austria.

Fisker produced 55 vehicles in the March quarter, Reuters said, adding it began deliveries in the United States last month.

The report noted both Tesla and Rivian Automotive beat market estimates for second quarter deliveries.

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By GlobalData