U.S. EV manufacturer fisker halts production for 6 weeks, plans to raise up to 0.15 billion dollars

Fisker stated that it did not fulfill the $8.4 million interest payment on some of the convertible bonds due in 2026 on the 15th. Although it has sufficient liquidity, it explained that it wanted to use the 30-day grace period to discuss with investors about the capital structure.

As of the 15th, the current liquidity is $120.9 million, a decrease from $395.9 million at the end of last year.

Fisker warned in February of significant doubts about its ability to continue as a going concern and announced a freeze on future project investments until securing partnerships with other manufacturers.

The production volume of the electric SUV "Ocean" in January was zero. The number of units produced from February 1st to the 15th at the Austria division of manufacturing partner Magna International Inc. was approximately 1,000 units.

Approximately 1,300 vehicles have been delivered this year. The value of finished vehicle inventory is over $200 million.