LOS ANGELES: Electric vehicle maker Fisker Inc said on Thursday it would begin production of its new luxury sports utility vehicle at the end of 2021.

High-volume deliveries of the electric SUV, Fisker Ocean, are expected to start in 2022, the company said.

The Ocean is touted as having a 483km range with a price tag of US$40,000 (RM167,000).

Fisker will offer the SUV via an app-based flex-leasing program. Reservations open this month.

Chief executive officer Henrik Fisker, whose previous automotive venture collapsed in 2013 owing US taxpayers US$139 million (RM579mil), launched Fisker Inc in 2016 to compete with Tesla Inc.

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