US startup Fisker is in negotiations with five carmakers over a contract to secure additional production capacity, Reuters reported.

Chief executive Henrik Fisker told the news agency: “We have two cars that are almost ready. We can bring them to market fast – we just need the capacity.”

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He was in negotiations with five “traditional car companies”.

Fisker has one model on sale, the Ocean SUV, built under contract at Magna Steyr in Graz, Austria.

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