EV startup Fisker in talks with VW to use parts for SUV

By BLOOMBERG | 14 July 2020

LOS ANGELES: Fisker Inc. said it is in talks with German auto giant Volkswagen AG to use key vehicle parts, including a battery, in an electric SUV scheduled to begin production in 2022.

The startup said in an investor presentation filed Monday with the Securities Exchange Commission that it plans to use VW’s modular electric-drive matrix, or MEB, platform to cut costs and halve development time for its debut model: the Ocean sport utility vehicle. It also will adopt that automaker’s battery technology to power the SUV.

Representatives for VW in the US didn’t have an immediate comment.

Press Workshop: MQB – Modular Transverse Matrix and new engine

Shares of Apollo Global Management-sponsored blank-check company Spartan Energy Acquisition Corp., which agreed to merge with privately held Fisker, rose more than 6% in post-market trading.

Fisker chief executive officer Henrik Fisker said in an interview his company is in talks with several carmakers for parts-supply contracts but did not mention VW by name.

"We don’t need to make our own electric air conditioning, steering rack, even the platform itself,” he said.

Press Workshop: MQB – Modular Transverse Matrix and new engine