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<blockquote data-quote="Weather Man" data-source="post: 16688204" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3762754-fisker-is-on-watch-after-securing-long-term-battery-supplies?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Fisker is on watch after securing long-term battery supplies</a></h3><p><a href="https://seekingalpha.com/symbol/FSR" target="_blank">FSR +9.03%</a>Nov. 02, 2021 7:56 AM ET</p><ul> <li data-xf-list-type="ul">Fisker (NYSE:<a href="https://seekingalpha.com/symbol/FSR" target="_blank">FSR</a>) says it has nailed down long-term battery supply by striking an <a href="https://seekingalpha.com/pr/18539111-fisker-secures-long-term-battery-capacity-catl-for-fisker-ocean-suv" target="_blank">agreement</a> with Contemporary Amperex Technology.</li> <li data-xf-list-type="ul">Under the terms of the agreement, CATL will supply two different battery solutions for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023 to 2025.</li> <li data-xf-list-type="ul">The company says the primary high-capacity pack uses a lithium nickel manganese cobalt cell chemistry with the second high-value pack offering CATL’s latest cells based on lithium-ion phosphate chemistry.</li> <li data-xf-list-type="ul">Fisker and CATL are currently doing extensive testing and validation at the pack and vehicle level.</li> <li data-xf-list-type="ul">"Securing this supply agreement with CATL is another important step in the development of the Fisker Ocean and achieving our battery performance objectives," notes Fisker (<a href="https://seekingalpha.com/symbol/FSR" target="_blank">FSR</a>) CEO Henrik Fisker.</li> <li data-xf-list-type="ul">Fisker (<a href="https://seekingalpha.com/symbol/FSR" target="_blank">FSR</a>) says it remains on target to start production and deliveries of the all-electric Fisker Ocean in November of 2022. A production-intent version, including additional battery specifications and product features, will be featured at the Los Angeles Auto Show later this month.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16688204, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3762754-fisker-is-on-watch-after-securing-long-term-battery-supplies?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Fisker is on watch after securing long-term battery supplies[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/FSR']FSR +9.03%[/URL]Nov. 02, 2021 7:56 AM ET [LIST] [*]Fisker (NYSE:[URL='https://seekingalpha.com/symbol/FSR']FSR[/URL]) says it has nailed down long-term battery supply by striking an [URL='https://seekingalpha.com/pr/18539111-fisker-secures-long-term-battery-capacity-catl-for-fisker-ocean-suv']agreement[/URL] with Contemporary Amperex Technology. [*]Under the terms of the agreement, CATL will supply two different battery solutions for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023 to 2025. [*]The company says the primary high-capacity pack uses a lithium nickel manganese cobalt cell chemistry with the second high-value pack offering CATL’s latest cells based on lithium-ion phosphate chemistry. [*]Fisker and CATL are currently doing extensive testing and validation at the pack and vehicle level. [*]"Securing this supply agreement with CATL is another important step in the development of the Fisker Ocean and achieving our battery performance objectives," notes Fisker ([URL='https://seekingalpha.com/symbol/FSR']FSR[/URL]) CEO Henrik Fisker. [*]Fisker ([URL='https://seekingalpha.com/symbol/FSR']FSR[/URL]) says it remains on target to start production and deliveries of the all-electric Fisker Ocean in November of 2022. A production-intent version, including additional battery specifications and product features, will be featured at the Los Angeles Auto Show later this month. [/LIST] [/QUOTE]
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