Fisker (NYSE: FSR) has commenced production of its Ocean all-electric SUV. The company says that production has commenced on schedule and that initial rollout vehicles will include its continuous over-the-air (OTA) upgrading of feature packages.

Fisker Chairman and CEO Henrik Fisker stated: “It’s an emotional day as we start production of the world’s most sustainable vehicle in record time in the carbon-neutral factory in Graz. 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. 

The company has received more than 63,000 reservations and its two trim levels are sold out in the U.S. market for 2023. Fisker says that its Ocean SUV will contain more than 50 kilos of recycled, biodegradable and overall eco-conscious materials, which reflect its commitment to sustainability. 

The company’s production ramp in Austria hopes to achieve over 300 units manufactured in Q1  2023, with a rapid increase to over 8,000 units in Q2 2023.

California-based Fisker 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.

Shares of Fisker trade on the NYSE under the symbol FSR.