FISKER OCEAN:WORLD'S MOST SUSTAINABLE VEHICLE STARTS PRODUCTION ON SCHEDULE

>> After just over two years,the all-electric SUV commences production at thecarbon-neutral factory in Austria on time,defying conventional automobile development timelines.

>> More than 63,000 reservations reflect strong global demand, with two trim levels sold out in the U.S.market for 2023.

>> Fisker's deliberate financial strategy reinforces strong momentum.

LOS ANGELES- - Fisker Inc. — passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions — today commences production of the Fisker Ocean all-electric SUV on schedule. After just over two years of intensive development, the vehicle has arrived with world-class quality and future-forward user experiences. Fisker’s rollout strategy also includes continuous over-the-air (OTA) upgrading of feature packages.

“It’s an emotional day as we start production of the world’s most sustainable vehicle in record time – on time – in the carbon-neutral factory in Graz,” Fisker Chairman and CEO Henrik Fisker said. “We’ve challenged the old model of longer development timelines, reflecting our team’s agility and dedication to creating emotionally desirable vehicles with the newest, most unique experiences in our price range. We have the highest quality at launch, aligned with our commitment to leading the industry in sustainability. More than 63,000 customers worldwide share our enthusiasm. It’s a day for our team and fans to celebrate!”

The start of production is reinforced by growing momentum globally – with two trims sold out in the United States market for 2023. In addition to the green manufacturing, the Fisker Ocean’s more than 50 kilos of recycled, biodegradable and overall eco-conscious materials reflect its commitment to sustainability. Fisker’s production ramp in Austria will see over 300 units manufactured in Q1 of 2023, with a rapid increase to over 8,000 units in Q2. More than 15,000 units will follow in Q3, and in Q4 the company will finish the year with enough units to total 42,400.

The top trim Fisker Ocean Extreme travels 350 miles on a single charge, with dual-motor, all-wheel-drive, three driving modes, a 17.1" rotating screen featuring gaming in HMI, SolarSky roof, California Mode, and many first-to-market safety features, including the world's first digital radar, all for $68,999.

The limited edition Fisker Ocean ONE builds on the Extreme trim, offering specific signature cues available only on the first 5,000 vehicles. In July 2022, the Fisker Ocean ONE sold out in 30 days, each secured by a $5,0003 deposit representing $350 million in potential revenue for Fisker once all the vehicles are delivered.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. 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.