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Fisker Inc. (NYSE: FSR) and Contemporary Amperex Technology Co Ltd (CATL) have announced a formal agreement securing long-term battery capacity for the Fisker Ocean SUV. 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 2023-2025.

Both battery pack solutions are engineered to support peak charging powers of more than 250 kilowatts.

Fisker and CATL teams have been working together since 2020 to develop class leading battery solutions optimised for vehicle structure, crashworthiness and very high levels of energy density.

Currently, the teams are engaged in extensive testing and validation at the pack and vehicle level.

Fisker CEO and Chairman, Henrik Fisker, says: “Securing this supply agreement with CATL is another important step in the development of the Fisker Ocean and achieving our battery performance objectives. By utilizing multiple chemistries and designing an extremely efficient pack, we will be able to achieve our targeted driving range for the Fisker Ocean Sport and bring segment benchmark-driving range to the longer-range versions of Fisker Ocean.”

CATL President, Zhou Jia, adds: “As CATL expands its global footprint to help create clean mobility for all, we are delighted to reach long term collaboration with Fisker and provide battery technology that is unique to Fisker’s product rollout. We are excited to support Fisker to reach its sustainability, performance and growth targets.”

Fisker Experience Center Image Highres

Fisker remains on target to start production and deliveries of the all-electric Fisker Ocean in November 2022 – and to unveil the production-intent version, including additional battery specifications and product features, on Nov. 17, 2021 at the Los Angeles Auto Show.

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