Fisker Secures Long-term Battery Supply in CATL Deal

We’ve been following the adventures of design diva Henrik Fisker for almost two decades, and the designer who was best known for styling the BMW Z8 roadster before launching his own car brand has been a big part of the EV and hybrid conversation for most of that time. Now it appears that he has entered into an agreement with the battery supplier CATL that will secure him remain part of that conversation in the years to come.

The new agreement has CATL, which commits to an annual capacity of 5 gigawatt-hours (GWh) in small (LFP) and large (NMC) advanced battery packs for the Magna-built Fisker Ocean SUV, which made its production-ready debut at last week LA Auto Show.

It is important to realize that although 5 GWh is not a spectacularly large figure (Tesla’s latest agreement with CATL was 45 GWh, and Tesla also has significant agreements in place with Panasonic in addition to producing batteries on its own), it is spectacular . greater than the 0 GWh they had set up before the agreement was signed. For their part, the Fisker team seems energetic (sorry) of the deal. “By using more chemistry and designing an extremely efficient package,” reads a Fisker tweet, “we will be able to achieve our targeted driving range for Fisker Ocean Sport and bring the segment benchmark driving range to the longer range versions of Fisker. Ocean. “

You can read more about the Fisker / CATL agreement in the official press release below. Then scroll down to the comments section and tell us what you think about the upcoming Ocean SUV’s chances of success. Enjoy!


Fisker ensures long-term battery capacity with CATL for Fisker Ocean

Image courtesy of Fisker.

  • Fisker and CATL have agreed on more than 5 gigawatt-hours (GWh) of annual battery capacity for the Fisker Ocean SUV.

  • Fisker will use CATL’s unique dual-chemistry cell capability to optimize performance, usage, cost and market position across the Fisker Ocean option.

  • Fisker and CATL to optimize the structure of the battery pack to support Fisker Ocean’s packaging requirements.

  • CATL supplies Fisker Ocean production with small (LFP) and large (NMC) advanced battery packs over several years and is fully on track to support the milestone at the start of production on November 17, 2022 and the subsequent ramp-up.

LOS ANGELES & NINGDE, China– (BUSINESS WIRE) –Fisher Inc. (NYSE: FSR) (“Fisker”) and Contemporary Amperex Technology Co Ltd (SZSE: 300750) (“CATL”) today announced a formal agreement on cementing the battery capacity of the Fisker Ocean SUV.

“By using more chemistry and designing an extremely efficient package, we will be able to achieve our targeted driving range for Fisker Ocean Sport and bring the benchmark driving range segment to the longer range versions of Fisker Ocean.”

Under the terms of the agreement, CATL will provide two different battery solutions for the Fisker Ocean SUV with an initial battery capacity of over 5 gigawatt-hours annually from 2023Y-2025Y. The primary high capacity package uses a lithium nickel manganese cobalt (NMC) cell chemistry with the second high value package offering CATL’s latest cells based on lithium ion phosphate (LFP) chemistry. Fisker and CATL teams have worked seamlessly together in close collaboration since 2020 to develop class-leading Fisker battery solutions optimized for vehicle structure, collision safety and very high levels of energy density. Currently, the teams are involved in comprehensive testing and validation at the package and vehicle level.

“Securing this supply agreement with CATL is another important step in the development of Fisker Ocean and the achievement of our battery performance goals,” said Henrik Fisker, CEO and Chairman of the Board. “By using more chemistry and designing an extremely efficient package, we will be able to achieve our targeted driving range for Fisker Ocean Sport and bring the benchmark driving range segment to the longer range versions of Fisker Ocean.”

“As CATL expands its global footprint to help create clean mobility for all, we are excited to achieve a long-term partnership with Fisker and deliver battery technology unique to Fisker’s product rollout. We are excited to support Fisker in achieving its goals for sustainability, performance and growth, ”said CATL President Zhou Jia.

In addition to meeting the demanding packaging requirements of the Fisker Ocean program, the Fisker Ocean battery packs have additional features that allow direct charging from the optional solar cell roof using an innovative technical integration strategy. In addition, both battery pack solutions are designed to support maximum charging powers of more than 250 kilowatts.

Commenting on this announcement, Daniel Foa, senior advisor to Fisker, who will serve as supervisor of the company’s China unit at the formation, said: electric mobility. “

Fisker is still on track to start production and delivery of the all-electric Fisker Ocean in November 2022 – unveiling the production-oriented version, including additional battery specifications and product features, on November 17, 2021 at the Los Angeles Auto Show.

Source | Photos: Fisherman, via Businesswire.

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