Category: eV

Lucid and Fisker are both preparing to sell vehicles in China

Lucid Air SapphireLucid and Fisker in the past week separately announced plans to sell vehicles in China soon. The head of Lucid's China operations confirmed to Reuters Thursday that the automaker was planning to enter the Chinese market. The Reuters report also cited an anonymous source with knowledge of Lucid's plans, who said the automaker plans to sell imported...

US EV startup Fisker plans to open delivery center in China this year

"I believe we can get production up and running in China as early as next year, potentially adding capacity of 75,000 Fisker Oceans annually," Fisker CEO said.

(Image credit: Fisker)

Fisker (NYSE: FSR) plans to open a delivery center in China this year, becoming the next US electric vehicle (EV) startup to target the Chinese market after Lucid Motors (NASDAQ: LCID).

Fisker plans to open a delivery center in China in 2023 and start delivering the Fisker Ocean SUV in the first quarter of 2024, the company said in a June 9 press release.

Fisker's leadership team recently visited China and met with officials and business leaders in Shanghai to discuss cooperation and opportunities in the region, according to the release.

The conversations focused on the automotive supply chain, logistics, warehousing and future production development, Fisker said. The company opened its China office in 2022, according to the release.

"We expect China to be an important growth market for EVs in the future and believe our vehicles will be very appealing. That is why we established an office there and intend to open a delivery center this year," said Henrik Fisker, Fisker's chairman and CEO.

"I believe we can get production up and running in China as early as next year, potentially adding capacity of 75,000 Fisker Oceans annually," he added.

Interestingly, local media outlet Jiemian reported on June 7 that Zhu Jiang, who previously served as an executive at (NYSE: NIO), Ford (NYSE: F) and Auto, the car-making arm of Baidu (NASDAQ: BIDU), has joined Lucid to head up its China operations.

Lucid is starting to prepare for its entry into the Chinese market, Zhu told the outlet.

China is the world's largest EV market, with the segment seeing explosive growth over the past two to three years.

Global EV sales are largely driven by China, with 56 percent of total EV sales in the first quarter coming from the Chinese market, market research firm Counterpoint Research said in a June 8 report.

In China, the premium and affordable luxury segment is growing faster than the general segment, Daniel Foa, Fisker's China board member, said at the company's annual shareholders meeting on June 6.

Fisker fits right into that segment with its unique history, features and design, Foa said.

The company recently announced that deliveries of its first production model, the Fisker Ocean all-electric SUV, will begin in the US on June 23. It starts at $37,499 for the Sport interior trim level.

Notably, Chinese power battery giant is a supplier to Fisker.

On November 2, 2021, Fisker announced it signed an agreement with CATL, which will supply batteries for the Ocean SUV.

CATL will provide Fisker with more than 5 GWh of initial capacity per year from 2023 to 2025, according to a previous statement.

Lucid prepares for China entry, hires ex-NIO, Ford exec Zhu Jiang

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Zeekr begins deliveries of 3rd model, Zeekr X

Nearly 20 percent of 001 and Zeekr 009 owners have opted to buy an additional Zeekr X, Zeekr said.

(Image credit: Zeekr)

Zeekr, 's premium electric vehicle (EV) brand, has begun deliveries of the Zeekr X, its third production vehicle, which was officially launched two months ago.

Zeekr delivered the Zeekr X to its first owners in 25 cities in China today, according to a press release.

Zeekr was officially launched as an independent company in March 2021 with two other models, the Zeekr 001 hatchback and the Zeekr 009 MPV, currently on sale.

The company delivered 8,678 vehicles in May, up 7.12 percent from 8,101 vehicles in April and its fourth sequential increase.

By the end of May, Zeekr's cumulative deliveries since inception stood at 109,961 vehicles, data monitored by CnEVPost show.

Zeekr launched the Zeekr X on April 12, and the model is produced at one of Geely's plants in Chengdu, Sichuan province in southwestern China, rather than the Ningbo plant in Zhejiang province where the Zeekr 001 and Zeekr 009 are produced.

The Zeekr X is available in three versions, one starting at RMB 189,800 ($26,580) and the other two at RMB 209,800.

The Zeekr X has been available for pre-order since launch, and the model is targeting 40,000 deliveries this year. Zeekr is aiming to double its overall deliveries this year from last year to about 140,000 units.

Nearly 20 percent of Zeekr 001 and Zeekr 009 owners have chosen to purchase an additional Zeekr X to meet the travel needs of different family members, the company said today.

The average order amount for the Zeekr 001 was RMB 336,000 and for the Zeekr 009 RMB 527,000, it said when it announced May delivery figures on June 1.

The Zeekr X is available in both a four-seat version and a five-seat version, and the company said today that 70 percent of consumers are now opting for the four-seat version.

($1 = RMB 7.1417)

Zeekr launches Zeekr X SUV to gain further share from market dominated by German luxury automakers

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