Fisker Ocean at CES 2020: New All-Electric Luxury SUV Pricing, Global Production and Brand Experience Details Revealed

- The world's most sustainable vehicle unveiled at Consumer Electronics Show 2020, stand 3002 (North Hall); Live social media walk-around with Henrik Fisker will take place on Jan. 7, 2020

- Additional pricing details revealed: full purchase option starting at $37,499 (U.S.) MSRP - $29,999 after U.S. tax credit; flexible lease starting at $379 (U.S.) per month with all maintenance and service included

- Worldwide manufacturing strategy: global and localized supply chains across the U.S., Europe and China will result in more than 1 million vehicles projected to be produced between 2022 and 2027

- Fully-engineered, production ready platform will underpin two additional Fisker models

LAS VEGAS, Jan. 5, 2020 /PRNewswire/ -- Fisker Inc. - designer and manufacturer of the world's most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions - is revealing additional details surrounding the Fisker Ocean all-electric luxury SUV at Consumer Electronics Show 2020 in Las Vegas. On the heels of the latest news surrounding the vehicle, including a unique partnership with Electrify America, the largest, open DC Fast charging network for EVs in the United States, Fisker is shedding light on new purchase options for a limited amount of vehicles, unique sustainable design touches and fun in-cabin brand experiences.

Henrik Fisker, chairman and CEO - Fisker Inc.

    --  "The human concept of freedom has evolved with instant access to
        everything through our smart phones. Fisker is the world's first
        all-digital car company. We are producing electric vehicles with an
        increased sense of sustainability, while creating an immersive
        experience built around our mobile platform. When we began to design the
        Fisker Flexee app experience, we wanted to give our customers the power
        to access critical vehicle information, a unique media gallery, playable
        assets and more features that we will be adding over the next several
        months. Managing a Fisker vehicle and engaging directly with the company
        will be fun, hassle free and at your fingertips - anytime, anywhere."
    --  "With so much global enthusiasm around our no long-term contract,
        all-inclusive lease model, we're also answering the call of customers
        that have expressed interest in a purchase option. Starting at $37,499
        (U.S.) for a limited number of vehicles, this reflects our vision in
        offering an all-electric luxury SUV that's at an accessible price point
        - also delivering emotional design touches that have been reserved for
        luxury supercars in the past."
    --  "We have secured a global supply chain and manufacturing capacity that
        will result in projected production of more than 1 million vehicles
        between 2022 and 2027. We look forward to sharing even more details at
        the Geneva Motor Show 2020 - including our fully-engineered platform and
        more technical specifications."

Emotional Design. Riveting Experiences. Accessible Pricing.
In response to inquiries and requests from customers around the globe, Fisker is revealing a full purchase option for a limited amount of Fisker Ocean vehicles - delivering on the brand's promise of an affordable all-electric luxury SUV to help drive mass electrification.

    --  Reservations are set at $250 (U.S.) for either the full purchase option
        or the flexible lease program.
    --  Full purchase option: Starting at $37,499 (U.S.) MSRP. After the U.S.
        federal tax credit is applied, the cost of the Fisker Ocean drops to a
        starting price of $29,999 (U.S.).
    --  Unprecedented flexible lease model. Reservations are now open through
        the Fisker mobile app on the App Store and Google Play store, or the
        Fisker website - set at $250 (U.S.): Drivers can get behind the wheel of
        the Fisker Ocean starting at $379 (U.S.) per month (with $2,999 down
        before delivery in 2022, which includes both initiation and activation
        fees). Fisker will also offer a "$0 drive off" option through a fully
        financed $2,999 down payment for credit approved customers.
    --  Liberating flexibility: Drivers get to decide how long to keep their
        Fisker Ocean. As an industry first, a customer can return the vehicle in
        one month, eight months, 22 months or several years. No long-term
        contracts, with 30,000 miles per year included.
    --  Experience centers and test drives: Customers will be able to see the
        vehicles and option packages at select Fisker experience centers in 2020
        - as well as schedule test drives through their mobile app in 2021.
    --  Affordable insurance: Even attaining quotes for vehicle insurance will
        be made easy and hassle free via the Fisker mobile app. Insurance quotes
        for drivers attaining the Fisker Ocean are projected to be significantly
        lower than other vehicles on the road today due to a unique and
        proprietary low cost of service and maintenance model.
    --  A radical new service and maintenance experience: Fisker customers will
        never have to take their vehicles to service on their own, as Fisker
        will pick up and return vehicles when maintenance is required, or
        service is requested - signaled by the onboard system or through the
        mobile app.
    --  Payments, rewards and referrals: Managing ownership or lease of the
        Fisker Ocean is made easy - with payment, rewards and referral features
        part of an all-inclusive experience via the Fisker Flexee mobile app.

Immersive In-Cabin Features. Revolutionary Design Touches. All-Out Fun.

    --  Additional details surrounding the Fisker brand experience are being
        introduced, including a Karaoke feature through a heads-up display -
        synched with the Fisker Flexee app for a fun in-vehicle family
        experience.
    --  Fisker has patented a unique experience called "California Mode." This
        feature, inspired by the Fisker brand's roots and passion for the
        Southern California coastline, lowers/slides nine glass windows/panels
        to open the entire cabin with one touch - creating an open-air feeling,
        while still maintaining a full "roll cage" safety structure around the
        passengers.
        --  The feature adds functional utility by allowing the rear hatch glass
            to drop - enabling long items to be placed through the opening
            without having to drive with an open tail gate.
        --  Fisker's engineering team patented the overall idea and had to
            tackle several challenges to achieve what seemingly would be a
            simple feat - including a never-before-seen reimagining of the
            vehicle body to enable the rear quarter glass to be electrically
            opened.
    --  More Fisker brand experience details will be released in the coming
        months.

Unique Global Supply Chain and High-Volume Production Strategy.
Additional details are being released regarding Fisker's strategy for high-volume production of the Fisker Ocean and upcoming vehicle models.

    --  The company has secured a strategic global and localized supply chain -
        which includes critical components such as batteries. This will result
        in global manufacturing capacity across the United States, Europe and
        China - with projected production of more than 1 million vehicles
        between 2022 and 2027.
    --  Additional details surrounding Fisker's manufacturing capabilities will
        be shared at the Geneva Motor Show 2020 - and over the course of the
        coming year.

Fully-Engineered, Production-Ready Platform. Upcoming Vehicle Models.
The Fisker Ocean all-electric luxury SUV rides on a complete, fully-engineered platform - which will also underpin two additional Fisker models.

    --  More details on future Fisker models will be shared throughout 2020.

The World's Most Sustainable Vehicle - From the Inside-Out.

    --  Fisker Inc. believes that the industry should stop looking at innovation
        superficially and start taking responsibility for its products,
        end-to-end - giving customers the opportunity to contribute to a more
        sustainable future. Some of the Fisker Ocean's features include (not
        limited to):
        --  Full-length solar roof:
            --  Supporting the car's electric power source, boosting fuel
                efficiency and lowering carbon dioxide emissions. Result: 1000
                free, clean miles per year.
            --  As the technology evolves, Fisker will feature integrated
                hardware solutions for better energy yields and more free, clean
                miles per year.
        --  Fully recycled carpeting:
            --  Made from regenerated nylon, which is made from abandoned
                fishing net waste - pulled from the oceans and aquaculture.
        --  Vegan interior:
            --  100% Polycarbonate Polyurethane surfaces and 100% reinforced
                Rayon backing.
            --  Meets stringent chemical emission limits for various VOCs (such
                as Formaldehyde).
        --  Eco-suede: interior textures and patterns - Dinamica:
            --  Derived from polyester fibers (T-shirts, fibers) and recycled
                bottles, plastic, etc.
            --  Recycling polyester means reducing energy consumption and CO2
                emissions into the atmosphere by 80% compared to the traditional
                petrol-based polyester production process.
            --  Eco-sustainability, as well as the lowest levels of polluting
                emissions and energy consumption, are guaranteed throughout the
                whole production cycle.
        --  Repurposing rubber waste:
            --  Fisker will utilize discarded rubber waste generated during tire
                manufacturing that will no longer be dumped in landfills.
            --  Recycling saves impressive amounts of energy, which ultimately
                reduces greenhouse gas emissions.
        --  All-electric SUV range:
            --  The all-electric SUV will come standard with an extended range
                (target of approximately 250 to 300 miles, depending on driving
                conditions), enabled by an approx. 80 kWh lithium-ion battery
                pack.

The Fisker Ocean is targeted to begin production at the end of 2021 - with the first high-volume deliveries projected for 2022.

* All stated performance numbers and figures are subject to final validation by the appropriate entities.

About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. The company is engaged in intensive research and development around next generation electrification technologies, including the patent pending Fisker Flexible Solid-State Battery. To learn more, visit www.FiskerInc.com - and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

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SOURCE Fisker Inc.